Bigger Than the Stimulus - BidenLaptopEmails

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Bigger Than the Stimulus

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eschwerin@rosemontseneca.com

DATE:

2010-12-06 15:13:01

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<488F7AE1-9C2F-4427-9A2E-C4A2A62AE97B@rosemontseneca.com>

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Hunter Biden <hbiden@rosemontseneca.com>

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Bigger Than the Stimulus
First Read: "Extending the Bush tax cuts for two years -- along with extending jobless benefits and targeted tax cuts -- would likely cost more (approximately $1 trillion) than the stimulus cost (approximately $800 billion). Here's our back-of-envelope math arriving at the $1 trillion approximation: If the price tag of extending the Bush tax cuts over 10 years is nearly $4 trillion, then doing it for two years is some $800 billion. And extending the jobless benefits and targeted tax cuts raises that price tag even higher."


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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