A Decade of Tax Cuts and Deficits

A Decade of Tax Cuts and Deficits
More than 10 years on, the Bush tax cuts are still with us???adding to the debt (Photograph by Nicolas McComber/ISTOCK; Data: Congressional Budget Office, Congressional Research Service)
Photograph by Nicolas McComber/ISTOCK; Data: Congressional Budget Office, Congressional Research Service

The U.S. national debt’s path from $5.8 trillion in 2001 to $15.9 trillion as of Aug. 1, plus two opposite scenarios for how Congress could deal with the impending fiscal cliff.

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