Democratic Components Of Tax Deal Benefit More People Than Republican Parts Of The Plan
The Wonk Room has a chart comparing the various benefits of the tax plan between Congress and the White House.
For comparison’s sake, here is a chart detailing both the number of people (in millions) who benefit from each side’s priorities, as well as the total cost (in billions). Obama’s components of the tax deal (extended unemployment benefits, the payroll tax cut, and the extended credits) will cost $214 billion to aid 156 million people. The Republicans priorities (extending the Bush tax cuts for the rich and cutting the estate tax), meanwhile, will cost $133 billion, but only benefit roughly 4.8 million people.
The cost of broad-based tax cuts are excluded here. The total cost of the package is approximately $900 billion over two years.Click here for reuse options!
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