CBO Adjusts costs of Tax Cuts

Remember the tax increase on the rich will increase revenue about 60 Billion a year or 600 Billion over a decade.  Tonight the CBO has revised the impact of the latest tax cut deal and now says it was off by another 600 Billion as far as the deficit impact.  Thus instead of costing another 4 Trillion over the next 10 years it will now cost 4.6 Trillion instead.  So the entire revenue increase from taxing the rich has now disappeared like dust in the wind.  See CBO story at http://www.cbo.gov/publication/43835