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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]	
  

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Fema cost vs taxcut

  • 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]