Changing the imbalance will cause pain
The U.S. loses more on tax breaks than it collects in personal income taxes.
Some benefits as well as some taxes come early
The health care reform law "offset[s] 6 years of benefits with 10 years of tax increases."
He's right on two, close on the third
The tax-cut deal "adds more than $800 billion to the deficit over two years -- more than the cost of TARP and more than the cost of the Recovery Act" and about the same as health care reform.
Don't forget, there was a recession
The Bush-era tax cuts failed to increase employment and "work-force participation fell in 2001 and has never returned to the record level set in 2000."
But he's misinterpreting data.
Letting the Bush tax cuts expire would raise taxes on small businesses.
Warner's numbers add up
$65 billion "would be added to the deficit if we keep the cuts for people on the highest incomes."
Omits one fact: Democrats' plan would also balloon deficit
Republican plan to extend Bush tax cuts "would double deficit projections going forward for the next couple of decades."
Ending the tax cuts wouldn’t even cut the deficit in half
"If all of the [Bush-era] tax cuts expire on schedule, the budget will be close to being balanced in four years."
Hurt signed Taxpayer Protection Pledge, not a promise to close loopholes
Says Robert Hurt "supports the tax loopholes that send American jobs overseas."
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