$4,000,000,000,000.00
That's about what high income earners and corporations stand to pocket over the next 10 years. The trade off is, you just might get a job once all that money is invested in business expansion. Ahem.
Bottom line. You'll be paying about $1,200 more in taxes and contributions a year to subsidize wealthy Americans and corporations.
Look on the bright side. It's only a measly $100 more a month - almost a month's cable bill. That's bearable eh? So skimp on entertainment etc. It all works out. A little bit of belt tightening never hurt anyone.
On the not so bright side, more than likely you won't see any Social Security or Medicare in retirement. Because by then the systems will be bankrupt. God bless America!
Christian Science Monitor: Bush tax cuts 101: Do tax cuts for the rich help the economy?
