Tax Analysts Blog

$5.6 Trillion Tax Cut Automatic in Budget Deal?

Posted on Aug 1, 2011

At about 2pm Fox News reported that Speaker Boehner told his caucus that the Bush tax cuts, extension of AMT relief, and other expiring provisions are all included in the baseline of the second stage of the plan. If true, tax hikes will never be part of the second stage because the Republicans get these $5.6 trillion in tax cuts for free.

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