Politics | Bush tax cuts So, What Else Could We Get for $60B? Tax cuts for high earners will cost us By Evann Gastaldo Posted Dec 5, 2010 3:32 PM CST Copied Senators attend a news conference on Capitol Hill in Washington, Friday, Dec. 3, 2010, to discuss proposals to continue the Bush era tax cuts. (AP Photo/Alex Brandon) Congress appears to be on the verge of extending the Bush tax cuts on income above $250,000 a year, which will cost the US $60 billion a year, writes David Leonhardt in the New York Times. What else could that amount of money buy? It could reduce the deficit as much as four other measures combined: the elimination of earmarks, the proposed federal pay freeze, a 10% federal work force cut, and a 50% foreign aid cut. It could triple federal medical research funding. It could provide free college for about half of the full-time students at four- and two-year-schools—including room and board. It could allow for a 15% corporate tax cut. It could provide a $500 tax cut for all households. For his complete list, click here, or click for more on the Bush tax cuts. Read These Next Her blood isn't compatible with anyone else's. Some of the most explosive Diddy allegations are dropped. Fan who taunted Ketel Marte's mom has been banned by MLB. NJ lifeguard survives after being impaled by an umbrella. Report an error