KEEPING THE CURRENT TAX RATE BILL

Here is the final damaging tally on keeping the current tax rates:
The Senate will vote on 3 p.m. Monday to move to the bill. House and Senate Democratic leaders are aiming to complete their work by Friday.

Bipartisan tax plan will cost $857 billion over 10 years, say estimates.

The score of the bipartisan tax legislation shows a loss of $721 billion in revenue over the next decade. (Meaning NO TAXES TAKEN FROM WE THE PEOPLE)

To extend all the Bush-era tax cuts from 2001 and 2003, including the income tax rate changes, capital gains, dividends other tax breaks included in the 2009 economic stimulus will cost more than $407 billion over 10 years, according to estimates released by the JCT.

the two-year patch for the alternative minimum tax will cost $136 billion,

the estate tax of a 35 percent rate with an exemption up to $5 million will cost $68 billion

the one-year two percentage points reduction of the payroll tax for employers has an estimated cost of $111.6 billion (THIS IS THE ONLY STIMULUS)

The 13-month extension of unemployment benefits including in the package adds about $56 billion to the deficit. (NOT PAID FOR - THIS IS A DEFICIT)

The main addition to the bill is a one-year extension of a program that provides cash grants in lieu of a tax credit for the construction of new solar and wind energy projects, which was part of the 2009 economic stimulus bill, at an additional cost of $2.9 billion (EARMARKS NOT PAID FOR - THIS IS A DEFICIT)

Almost $5 billion in subsidies for corn-based ethanol and a continuing tariff to protect against ethanol imports were wrapped up and placed on the tree Thursday night for farm-state lawmakers and agribusiness lobbyists

TOTAL = 857BILLION OVER 10 YEARS

BREAKDOWN:
611BILLION= 68+136+407  KEEPING THE CURRENT TAX RATE for WE THE PEOPLE
111.6BILLION = STIMULUS (NOT PAID FOR payroll redux)
63.9 BILLION= 5+2.9+56 (NOT PAID FOR - earmark and unemployment)

mmmmh so when you add 611+111.6+58.9 = 786.5BILLION. there's a difference of 70.5billion.

Regardless, 611Billion of the current tax rate will not come out of our pockets.
175.5BILLION is unpaid for.

SO MUCH FOR BALANCING THE BUDGET ONCE AGAIN. WHERE'S THE SPENDING CUTS HERE? HOW ABOUT ADDING A SPENDING CUT EARMARKS. OH BETTER YET OPENING UP YUCCA MOUNTAIN SO JOBS ARE CREATED TRANSPORTING WASTE TO THE HONORABLE HARRY REID'S BACKYARD.  In 1987, Congress amended the NWPA by designating Yucca
Mountain as the only option for a longer-term storage site by a vote of 237-181 in the House of Representatives and 61-28 in the Senate. Congress reaffirmed Yucca Mountain's designation as the only option for a long-term storage site in 2002 by a vote of 306-117 in the House of Representatives and 60-39 in the Senate.
OH ANOTHER GREAT IDEA OPENING UP THE ARTIC FOR OIL EXPLORATION.
AS A JOB LEGISLATION.

http://thehill.com/blogs/on-the-money/domestic-taxes/133227-bipartisan-tax-plan-will-cost-857-billion-over-10-years
 
http://www.newsmax.com/Newsfront/TaxCuts/2010/12/10/id/379649