The White House did some calculating, and came up with all things that a $ 150,000 tax cut per average for millionaires and billionaires would pay for.
Take a look.
Here’s part of the message from senior adviser David Plouffe that goes with that graphic.
Republicans in Washington want to give millionaires and billionaires an average tax break of at least $ 150,000. They want to pay for those tax cuts by slashing programs that create jobs and protect our children, our seniors, and the veterans who have fought for the country. They want to end Medicare as we know it. And they want to undercut our economic strength by rolling back key investments in education, research, and our nation’s roads and bridges.
For all the severe damage it would do to the nation as a whole, the 1 percent would make out like bandits. While we’re still reeling in horror at what it would cut, the give-away to the very wealthy it represents shouldn’t be overlooked.