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Publication Date: May 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Robert Greenstein
Research Area: Banking and finance
Keywords: Tax code; Federal budget; Economic projections
Type: Report
Abstract:
Some claim that the budget plan from the House and Senate Budget Committee conferees, which the Congress plans to vote on shortly, would constitute “the largest tax increase in history.â€Â That is incorrect. The budget plan does not include a tax increase. If anything, it assumes that Congress will set aside rules enforcing budget discipline and actually cut taxes.