Newly revised estimates from Citizens for Tax Justice show that the Bush tax cuts cost almost
$2.5 trillion over the decade after they were first enacted (2001-2010). Preliminary estimates from the
non-partisan Congressional Budget Office show that the House Democrats health care reform legislation
is projected to cost $1 trillion over the decade after it would be enacted (2010-2019).
Its difficult to see how the Bush tax cuts could provide
us with two and a half times the benefits of health care
reform. In 2010, when all the Bush tax cuts are finally
phased in, a staggering 52.5 percent of the benefits will
go to the richest 5 percent of taxpayers.