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Publication Date: March 2008
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s):
Research Area: Banking and finance
Keywords: Economic projections; Tax code; Federal budget; Income diversity
Type: Report
Abstract:
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.â€Â This claim is inaccurate, just as the same claim was inaccurate with regard to the budget resolution the Congress adopted last year.Â