The Democrats' health care plan costs half as much as the two major tax cuts pushed by the George W. Bush administration, according to a
report issued Tuesday.
Enacted in 2001 and 2003, the Bush tax cuts are projected to cost about $2.1 trillion in lost revenue in the 10 years since they were first passed, according to
Citizens for Tax Justice, a liberal-leaning research group in Washington, D.C. About $979 billion of that would have come from the richest five percent of taxpayers.
By comparison, the health care plan advocated by House Democrats is projected to cost about $1 trillion through its first decade (2010-2019), according to
estimates from the Congressional Budget Office.
The Bush tax cuts tally does not include the additional interest payments on the national debt made necessary by the deficit-financed cuts, the report noted. That figure bumps up the total cost of the tax cuts to about $2.48 trillion.