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Statement by Robert Greenstein, Executive Director, on Misleading Claims That Congressional Budget Plan Calls For "Largest Tax Increase In History"

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Abstract:

Some claim that the budget plan of the conferees--which the House and Senate are scheduled to consider this week--would constitute “the largest tax increase in history.” This claim is inaccurate, just as the same claim was inaccurate with regard to the budget resolution that Congress adopted last year.