Tax Breaks vs. Budget Cuts
The article Infographic: Tax Breaks vs. Budget Cuts compares the size of some proposed budget cuts along side some tax breaks for the wealthy.
I’ll give you one line of the chart:
Programs At Risk
$44 billion – All programs at risk combinedTax breaks for the wealthy
$42 billion One-year cost of extending Bush tax cuts for top brackets (FY2012)
I am not sure if the $42 billion for the Bush tax breaks is a summation of the rest of the tax breaks in the chart or is a completely separate tax break. Read the article to see if you can figure it out.
I went back and added up all the other tax breaks and the come to about $46.7 billion. I guess this means that the Bush tax cuts are a separate item. In other words there is about $88 billion per year in identified tax cuts that could be rescinded to help balance the budget.