Pew Outlines Cost Projections for Extending Bush Tax Cuts

Publication: The Hill's On The Money Blog

Author: Jay Heflin


09/02/2010 - The Pew Economic Policy Group on Thursday outlined cost projections for different scenarios involving the extension of tax cuts enacted under former President George W. Bush.

The organization predicts that extending all of the Bush tax cuts would cost $3.3 trillion over 10 years. This figure includes interest payment on the debt.

Under a full extension, the deficit would be 4.1 percent of GDP in 2014 and by the end of the decade would reach 5 percent. Public debt would reach 83.5 percent of GDP by 2020.

Read the full post, Pew Outlines Cost Projections for Extending Bush Tax Cuts on The Hill's Web site.

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