Paying for the jobs bill.

[DaveS]

Ted King wrote:
[quote=cbelt3]

Now look at the (factual) numbers. Math has a funny way of being non-political. Yep. Makes sense.

First, just a note: I think the correct link to the quote is this:

http://www.boortz.com/weblogs/nealz-nuze...ear-ruler/

The assumptions that are made about what numbers to crank through the math don't matter? How about this assumption from the OP: "Let’s assume that all of these households earn pretty much around the $1 million mark (because let’s face it, there are a lot more people earning close to a million than close to a billion)." Nothing iffy about that, huh?

Also, the author pretends that the intent is to pay for the whole jobs bill with one year's increase in taxes on those making a million or more, but the taxes are intended to run for 10 years.
Yes your right... so let's double the numbers... instead of 50K let's make it 100k. So instead of $13 billion year year it gives us $26 billion per year ... and over 10 years... $260 billion.

The Jobs Bill is $447 billion and we are going to collect $260 billion over 10 years... yup - paid for.