That would be great, I would get to keep more of my money.
----- Original Message ----- From: "J. Kris Baca" <[EMAIL PROTECTED]> To: "CF-Community" <[EMAIL PROTECTED]> Sent: Monday, June 02, 2003 1:57 PM Subject: Re: Fw: What the Bush tax cut could have paid for > Triple all of the items here - the $330 billion is "funny math": it's > based on 10s of "sunset dates" that most likely will never come to pass > since they will be revoked. This will push the cost to more like 800 - > 900 billion dollars. > > On Thursday, May 29, 2003, at 10:31 AM, William Wheatley wrote: > > > 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 Signup for the Fusion Authority news alert and keep up with the latest 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