Path 2

News Economy Taxes Tuesday, Dec 8 2015

Jeb Bush Is Still Running For President, And Now His Tax Plan Would Cost $8 Trillion

Dec 08, 2015

While Jeb Bush’s tax plan mirrors other Republican plans like Marco Rubio’s and give the largest benefits to the wealthy — including $800,000 annually in Jeb’s pockets — it’s now projected to cause an $8.1 trillion deficit that Bush has promised to fill by slashing government programs like Social Security and Medicare benefits.

The revised cost is 238 percent more than the $3.4 trillion cost his own economists projected in September, meaning even more drastic and damaging spending cuts that disproportionately hurt working families.

Read more: New York Times: Jeb Bush’s Tax Plan Would Cause $8.1 Trillion Budget Hole, Analysis Finds

Published: Dec 8, 2015

Jump to Content