The correct answer here is to turn the tables and ask Wallace how he is going to pay for the 98% of taxpayers who make less than $250,000 which is 3 billion--over ten years--(the real cost to the budget which will all have to be borrowed which is what the regime wants-- more spending to destroy capitalism) over ten years.
The other 2%--those who make over $250,000 and (actually create jobs which means you don't have to pay for what they do) costs 700 billion just to be accurate.
That $700 billion is over 10 years, not the implied shorter period of time.
1. The money does not belong to congress, it belongs to the person making it. Does Wallace believe otherwise?
2. Tax cuts pay for themselves by increasing activity, which results in more revenue to the fed. Since tax revenue is down now, what makes Wallace believe taxing more will help?
3. Is Wallace so ignorant of economics and how things work?