Republican Presidential Candidates Tax Cuts would Increase Deficit by $1 Trillion a Year!!

The following list shows the tax cut proposals by the Republican presidential candidates. The reason I’m posting this is to show how much the tax cuts cost the government, and aren’t paid for. Gingrich’s plan alone would increase the deficit by $1 trillion a year. That’s right, a year.

Here's Ezra Klein's analysis from his email alert:

The Tax Policy Center has, at this point, assessed the tax plans of Rick Perry and Newt Gingrich. Compared to the current tax rates -- that is to say, compared to a world in which the Bush tax cuts never expire --Perry's plan would give that same group a $281,000 tax break. Gingrich's plan would give them a $340,000 tax break.

As for the middle class, Perry's plan -- assuming the middle class opted into it -- would raise their taxes by $339. Only Gingrich gives them a tax break, and compared to what the rich get, it's a small one: $1,100. The only major Republican candidate who hasn't proposed a massive tax cut for the wealthy is Mitt Romney. His plan mostly just extends the Bush tax cuts, wipes out the estate tax, and makes some vague noises about tax reform. He does propose a new tax cut on income from capital gains and dividends -- but only for taxpayers making less than $200,000.

None of these plans are paid for.

Which brings up my point;

All of which leaves the Republican Party in an odd place: skeptical of a temporary tax cut for the middle class (that’s) fully paid for, but apparently enthused over permanent tax cuts for the rich that cost trillions of dollars and aren't paid for at all. That can't poll well.

Put another way:

Gingrich would reduce revenues in 2015 by nearly $1.3 trillion, or 35 percent of federal taxes that year. Talk about starving the beast!