Quote:
Originally Posted by Cimarron29414
Alright Derwood and dippin, here it is:
http://www.openmarket.org/wp-content...2009-09-11.PDF
This is from the Department of the Treasury. In the overview, the administration says federal tax receipts from the program will generate $100 to $200 Billion annual revenue. Divided among TAX PAYERS, that is $1761 / per year - which is the equivalent of an average 15% increase in federal income taxes. |
So taking the higher number (from an internal memo based on 9 month old information) of what could be the revenue and simply dividing it among tax payers, even though this isnt a direct tax and everyone would have to pay the costs, reach a number that is quite a bit less than what you said originally?
And fyi, no, that is not how you calculate the cost of the program to the average person. You have to take into account the economic impacts of higher costs, the benefits of additional investments, how much of the costs will be diluted in the exports of good produced in the US, and so on. Because yes, the US exports quite a bit of what it produces, so the costs of this program will affect people outside the US as well.
That is why the latest official word on the costs of the program come from the CBO, which puts the cost at 175 per person. You might not like it, you might prefer the heritage foundation estimates, but that is what the administration has estimated the cost to be.