Transcript

What the Debt Deal Costs

What the Debt Deal Costs Here are the likely cuts Here's what Congress protected Discretionary programs Tax breaks $650 billion $690 billion Bush tax cuts for the wealthiest Special education, student aid, and assistance to low-income schools 2 percent $310 billion $321 billion National Institutes of Health Extra benefits top-bracket taxpayers receive from itemized deductions $100 billion $129 billion Center for Disease Control and Subsidies for foreign profits Food and Drug Administration $98 billion $97.5 billion Head Start and child care Subsidies for business inventories program supports $47 billion $44 billion Subsidies for oil and gas companies Energy grants to help low-income families afford heat $20 billion $21.4 billion Job training for unemployed adults Carried interest loophole for hedge fund and private equity fund managers $11 billion $10 billion After school tutoring programs Tax break on loans for vacation homes and yachts Source: General Explanation of the Administration's FY 2012 Revenue Proposals (Department of Treasury, 2011); Congressional Budget Office, "Reducing the Deficit: Spending and Revenue Options" (2011); authors' calculations based on Congressional Budget Office, "Budget Options" (2000). Center for American Progress www.americanprogress.org

What the Debt Deal Costs

shared by judithgold on Nov 27
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This infogrpahic provides a breakdown for how the current 2011 debt deal is going to affect social and public services in America. It shows what government cut spending on and what it did not cute spending on.

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Economy
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