CBO: Senate Republicans' tax plan would cost more than $4 trillion

09/15/2010 | Washington Post, The · InvestmentNews (free registration)

Senate Minority Leader Mitch McConnell, R-Ky., introduced legislation this week that would limit the alternative minimum tax, apply the estate tax only to estates worth more than $5 million for individuals and $10 million for couples, and make income tax cuts introduced by the Bush administration permanent for all income levels. Although McConnell's aides said they did not yet have a cost estimate for the proposal, the Congressional Budget Office forecast that the plan would cost more than $4 trillion during the next decade.

View Full Article in:

Washington Post, The · InvestmentNews (free registration)

Published in Brief: