POLITICS
02/03/2011 05:12 am ET | Updated May 25, 2011

Letting Tax Cuts Expire Would Save U.S. $60 Billion Per Year

$60 Billion: The approximate amount that extending the Bush tax cuts on income above $250,000 a year -- which Congress seems on the verge of doing -- will cost a year, in inflation-adjusted terms. On average, the affluent households that benefit from these cuts will save $25,000 annually. What else might that $60 billion a year buy?

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