1. Federal
disaster
relief
is
expensive.
And
essenBal.
ConBnued
tax
breaks
for
top
2%
is
expensive.
And
not
essenBal.
Tax
breaks
for
top
2%
cost
7
2mes
more
than
FEMA's
total
budget
$80
$60
$Billions
$40
$20
$0
FEMA
budget
Tax
breaks
for
top
2%
Extending
tax
breaks
for
top
2%
costs
more
in
just
two
months
than
a
year’s
worth
of
federal
disaster
relief
and
flood
insurance
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]