Post on 08-Jul-2015
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FEMA budget Tax breaks for top 2%
$Billions
Tax breaks for top 2% cost 6 2mes more than FEMA's total budget
Federal disaster relief is expensive. And essenBal.
ConBnued tax breaks for top 2% is expensive. And not essenBal.
Net spending by US Federal Emergency Management Agency (FEMA) was $10.9 billion in 2012, including: Disaster Relief Fund; NaIonal Flood Insurance Fund; state and local aid; emergency food and shelter. [www.fema.gov] Cost of extending 2001 and 2003 tax cuts for those over $250,000 is $68 billion, including extending 33% and 35% brackets; not limiIng personal deducIons/exempIons; extending 15% rate on capital gains/dividends. [taxpolicycenter.org/taxtopics/TCE_Pres_v_CP.cfm]
Extending tax breaks for top 2% costs more in just two months than a year’s worth of federal disaster relief and flood insurance
www.taxfairnesswi.org