Shoddy facts and figures at the Palm Beach Post
Jac Versteeg(Randy Schultz is on vacation) and company can't be bothered with a google or yahoo news search. From a Friday editorial on the minimum wage/estate tax bill.
Government auditors figure that about 8,200 people would qualify for an average tax cut of $1.4 million, which will cost the government about $700 billion during the next 10 years.Has Nevada Senator Harry Reid become a Government auditor? From Thursday's Washington Post.
Under the bill, "8,100 of the wealthy and well-off hit the jackpot, while millions of working families get $800 billion in [federal] debt," said Minority Leader Harry M. Reid (D-Nev.), who led the opposition to the measure.See the Post can't even copy correctly from one paper to their own. Considering the Post's past history I shouldn't be surprised.
By one estimate, the plan would have lowered federal tax revenue by $268 billion over 10 years.
Note- I did a google and yahoo search. No article stating the Post's 700 billion figure came up.
Its a shame politics stopped this legislation. As I blogged previously, both parties pay lip service to the poor. So does the Palm Beach Post.
Open Post- Wizbang, Bright & Early,