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Publication Date: March 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s):
Research Area: Banking and finance
Keywords: Economic projections; Federal budget; Tax code
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.