We retired Tax Justice Blog in April 2017. For new content on issues related to tax justice, go to www.justtaxesblog.org
CTJ and others have noted that the cost of the Bush tax cuts from 2001 through 2010 was about two and a half trillion dollars. The recent “compromise” that extended them for another two years, through the end of 2012, cost $571.5 billion. But this is only the beginning. If Congress makes permanent the Bush tax cuts or extends them for another decade, the cost will be $5.4 trillion.