The true cost of Bush's tax breaks for the rich

Happy Tax Day to The Richest One Percent!

To put the tax cuts offered to the richest one percent in some perspective, the report compares them to the annual budget allocations for various federal agencies: The cost of the Bush tax cuts going to just the richest one percent in 2008 (about $79.5 billion) is more than the entire budget for the Department of Education this year ($68 billion), almost twice as much as the entire budget for the Department of Homeland Security this year ($42.3 billion) and over ten times as much as the budget for the Environmental Protection Agency ($7.5 billion).