Typical Post: "The Bush tax cuts for the RICH caused the deficits!" View another BlogWar
Fact: Wrong. Bush tax cuts are only 2% of revenue.
 
http://www.libradex.com/viewblogWar.aspx?id=1
As you can see here, Bush's tax cuts cost just $40 billion/year. Our revenue last year in 2009 was $2200 billion.

Clearly if the Bush tax cuts on the rich cost $40 billion and total revenue is $2200 billion, the Bush tax cuts for the rich cost just 1.8% of revenue.

Meaning if we repeal the Bush tax cuts for the rich we'll be getting just 1.8% more in revenue.
Topic How this article applies
Economy (10)
Republicans (10)
Bush Tax Cuts (10)
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