CRS: Permanently Extending Bush Tax Cuts to Cost $5 Trillion | OMB Watch

http://www.ombwatch.org/node/11353

August, the Congressional Budget Office (CBO) estimated that extending the Bush tax cuts would cost roughly $3.312 trillion over ten years. This is the figure most politicians and pundits cite when discussing extension of the tax cuts. However, those figures – while including the cost of debt servicing – do not include indexing the AMT to inflation. Indeed, when taking indexing into consideration, CBO comes up with a figure close to CRS's: $4.840 trillion
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