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

Publication Date: May 2008

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s):

Research Area: Banking and finance

Type: Report

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.