1,200,000,000,000 or 1.2 trillion total. 3,934.43 for every legal man, woman, and child in America at 305 million people. Consider that at least a 1/3 of that are elderly or children who do not work, thats 203 million people that input to paying for that. Thats 5,991.00 dollars per every working person (a conservative number at that)
Subtract the number who don't pay any taxes or pay low enough taxes and that number sky rockets for the people actually paying taxes.
Somebody tell me where this money is going to come from?? It all sounds well and good in the media, but somebody is going to have to pay for it somewhere.
Based on my numbers, it looks like everyone making over 40K is about to be hit for this bill. I wonder if Mr. Franks and all others responsible understand what they are doing?
This is like frying the chicken used for eggs, and cutting legs off the cow used for milk to feed the need of the day without any consideration how "MY" child will eat tomorrow.
Thats my childs future they are selling down the river.