A table was published in the Wall Street Journal or Chicago Tribune the other day. You may be able to look it up online. The average savings for most of us was ~$3k.
-----Original Message----- From: Nick McClure [mailto:[EMAIL PROTECTED] Sent: Thursday, May 29, 2003 10:44 AM To: CF-Community Subject: RE: What the Bush tax cut could have paid for Yea, It is going to save me a good amount of money too, not sure exactly how much, but it will make a difference, I did the math the other day, and it looked promising. > -----Original Message----- > From: John Stanley [mailto:[EMAIL PROTECTED] > Sent: Thursday, May 29, 2003 11:35 AM > To: CF-Community > Subject: RE: What the Bush tax cut could have paid for > > I for one am glad that we are getting this tax cut. It should mean an > extra > 3 grand for me and my family. I am tired of paying out the ass in taxes. > > -----Original Message----- > From: William Wheatley [mailto:[EMAIL PROTECTED] > Sent: Thursday, May 29, 2003 11:32 AM > To: CF-Community > Subject: Fw: What the Bush tax cut could have paid for > > > Just passing along don't fry me up like a cat fish :) > > > "When I came back from Korea, I had no money, no skills. Sure, I was good > with a bayonet, but you can't put that on a resume - it puts people off!" > Frank Barone, "Everybody Loves Raymond" > > > ------------------------------------------------------ > > That $330 billion could have covered every uninsured person in the country > and paid for millions of teachers and child-care workers. Instead it's > going > to the richest Americans. > > > By Laura McClure and Mark Follman > > > May 29, 2003 | This has been a trying week for those with math anxiety, > not to mention anyone who, owing either to their fear of numbers or their > lack of millions of dollars of disposable income, may be struggling to > understand the impact of the tax-cut bill that President Bush signed into > law Wednesday. White House press secretary Ari Fleischer, for instance, > said > the new measure, which includes $330 billion in tax breaks over the next > 10 > years, would create "more than a million jobs." Many economists dispute > Fleischer's analysis, but even if it turned out to be true, given the > overall job loss during Bush's administration -- 2.7 million jobs in the > private sector alone -- it would still leave us in the red, job-wise. > > > In fact, it is in the red where the really impressive numbers reside. The > day before the East Room signing ceremony, in a move unembellished by > ceremony, Bush signed a bill that allows the federal government to borrow > up > to $7.4 trillion -- a $984 billion increase in the federal debt limit -- > to > cover the tab for the tax cuts. This year's deficit, after surpluses > during > the last four years of the Clinton administration, already is expected to > exceed a whopping $300 billion. > > > According to Bush, the tax cuts will give tax relief to 136 million > American > taxpayers -- another impressive figure, but especially if you are the kind > of American taxpayer who seeks relief from taxes on capital gains and > corporate dividends. Some of the less advantaged -- especially those who > have children, are married, or own small businesses -- will also get tidy > sums. But universal relief, or even respite, is not part of this deal. > > > Meanwhile, every dollar sent back to an American taxpayer, however > deserving, is one less dollar that can be spent to meet the nation's > ever-growing needs. To facilitate a better understanding of what kind of > relief, other than tax relief, this kind of money could buy, we have > listed > the price tags for some of the programs and projects that comprise the > nation's basic domestic wish list. With that $330 billion, for instance, > the > president could have funded health insurance for all uninsured Americans, > erased all state budget deficits, completed Superfund cleanup at the > nation's worst toxic waste sites, and funded Head Start for all eligible > children -- and still had almost $40 billion left over for a rainy day. > > > Here's an itemized list of things the tax cut might have paid for. They > are > diverse, pressing, some would say essential -- not just to low-income > Americans, but to many citizens who, having had a choice, might have > directed their billions elsewhere. > > > Tax-cut total: $330 billion > > > Amount needed to provide health insurance for all 9.2 million currently > uninsured children for one year: $13 billion > > > Amount needed to provide health insurance for all 41.2 million uninsured > Americans, including children, for one year: $98 billion > > > Amount needed to close state budget gaps across the country: $78 billion > > > Amount needed to hire an additional 100,000 teachers to reduce class size, > provide grants to repair 6,000 schools and assist with new-school > construction, and provide additional math and reading help for over 9 > million eligible low-income students: $300 billion > > > Amount needed to end homelessness for chronically homeless people within > 10 > years: $1.3 billion per year to create and sustain 150,000 units of > permanent supportive housing > > > Amount needed by the Environmental Protection Agency to complete cleanups > at > high-priority toxic waste sites through the Superfund program: $92 million > > > Cost of Head Start for all 1.8 million children, up to 5 years old, who > currently need but don't receive it: $25 billion > > > Cost of continuing to provide grants to potentially jeopardized regional > poison control centers and maintain a toll-free poison information phone > number between 2005 and 2009: $142 million > > > Cost of USDA testing of 12,500 cattle samples for mad cow disease, in > addition to homeland security measures such as physical security upgrades > at > lab facilities and background investigation of workers: $21.7 million > > > Budgeted cost of continuing to enable states to meet energy emergencies > due > to extremes in temperature, either during severe cold weather in the > winter > or sustained heat waves in the summer: $1.7 billion > > > Cost of measures to improve food safety in 2003, including hiring > additional > FDA inspectors, and developing new ways for federal inspectors to detect > food-borne illnesses in meat and poultry and determine the source of > contamination: $101 million > > > Estimated homeland security costs for full support of state and local > emergency personnel in their efforts to prevent and respond to acts of > terrorism for three years: $12 billion > > > Cost of providing housing assistance nationwide for victims of domestic > violence from 2004 through 2008: $100 million > > > Cost of hiring 100 new public-school teachers: $3.125 million > > > Cost of hiring 100 state child-care workers: $2.08 million > > > Cost of fully immunizing 100 children against preventable diseases: > $64,433 > > > Price of 250,000 new fire trucks: $56.2 billion > > > Identified funding needs for community-based services in the care and > treatment of HIV/AIDS in 2002: $2 billion > > > Identified funding needs for HIV prevention and surveillance prevention > programs at the Centers for Disease Control and Prevention: $1 billion > > > Identified funding needs for HIV/AIDS research at the National Institutes > of > Health: $2.9 billion > > > Estimated cost of funding Older Americans Act programs for seniors -- such > as transportation, delivered meals and elder abuse prevention -- for 10 > years: $39 billion > > > Cost of providing needed assistive technology and durable medical > equipment > for 1 million individuals with disabilities for 10 years: $39 billion > > > Cost of compensating federal employees called to active duty in the > uniformed services or National Guard for the difference between their > civilian and military pay: $89 million over the 2004-2008 period > > > Yearly cost of direct treatment for mental illness in both the private and > public sectors in the U.S.: $92 billion > > > Estimated cost of spending for countermeasures against smallpox, anthrax, > botulinum toxin, plague and Ebola under Project BioShield: $5.6 billion > between 2004 and 2013 > > > Cost of 60 million doses of an improved smallpox vaccine: $900 million > > > Annual cost of providing services to foster children, including > educational > assistance, job placement, health services and room and board: $200 > million > > > Amount needed to establish a National Housing Trust to provide communities > with funds to build, rehabilitate and preserve 1.5 million units of > affordable housing over the next 10 years: $5 billion > > > Cost, per recipient, of Job Corps, an education and training program > benefiting disadvantaged youth and young adults: $17,000 > > > Federal funding requested in 2004 to maintain the National Domestic > Violence > Hotline: $3 million > > > Federal funding requested in 2004 for the national Abandoned Infants > Assistance program: $45 million > > > Cost of assisting states in covering the excess costs of providing special > education services to children with disabilities: $8.9 billion > > > Annual cost of providing funding to public libraries through state formula > grants so that libraries can promote wider access to learning and > information: $1.6 billion between 2004 and 2009 > > > Cost of providing grants for treatment, counseling and referral for > runaway > and homeless youth subjected to sexual abuse in 2003: $15 million > > > Annual cost of funding the National Center for Missing and Exploited > Children: $20 million > > > > > Sources: > > > Children's Defense Fund > > Physicians for a National Health Program > > National Conference of State Legislatures > > Fair Taxes For All, National Education Association > > National Alliance to End Homelessness > > Natural Resources Defense Council > > Children's Defense Fund > > Congressional Budget Office > > United States Department of Agriculture > > Administration for Children and Families > > Food and Drug Administration > > Fair Taxes For All > > Congressional Budget Office > > Children's Defense Fund > > Children's Defense Fund > > Children's Defense Fund > > The National Priorities Project > > Human Rights Campaign > > Human Rights Campaign > > Human Rights Campaign > > Alliance for Retired Americans > > Fair Taxes For All > > Congressional Budget Office > > National Mental Health Association > > Congressional Budget Office > > Congressional Budget Office > > Administration for Children and Families > > National Low Income Housing Coalition > > Brookings Institution > > Administration for Children and Families > > Administration for Children and Families > > Administration for Children and Families > > Congressional Budget Office > > Congressional Budget Office > > Congressional Budget Office > > > salon.com > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Host with the leader in ColdFusion hosting. 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