Claim That Congressional Budget Plans Call For "Largest Tax Increase in History" Is Inaccurate
Publication Date: March 2008
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Economic projections; Tax code; Federal budget; Income diversity
Some are claiming that the budget plans adopted this week by the House and Senate Budget Committees--the full House and Senate are scheduled to consider their respective committee’s plan next 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 the Congress adopted last year.