Romney's tax cuts are projected to cost the federal government $5 trillion over 10 years, on top of the $4 trillion 10-year cost of making the Bush tax cuts permanent. Existing deductions and exemptions in the tax code, all together, reduce receipts by about $1 trillion per year, according to estimates. |
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OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.