Jul 24 2010

For Cost of “Stimulus,” We Could Have Completely Eliminated the Income Tax

Posted by Lady Liberty

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Thank you Ken for this from Freedom Line:

Take a look at Table 2.1, “Receipts by Source: 1934-2015″ here on the White House Office of Management and Budget website.  For the year 2009, the federal government took in $915 billion in income tax receipts.  Then take a look at this Congressional Budget Office report that the Obama “stimulus,” which was originally estimated to cost $787 billion, in fact cost $862 billion. Read more »