Matt Drudge is currently linking to a “fact sheet” produced by the Republican Budget Committee claiming that the new House budget plan “represents the ‘largest tax increase in American history.’” It’s not true. As the Center on Budget and Policy Priorities notes:
Consistent with the Pay-As-You-Go requirement that all tax cuts and entitlement increases be paid for, the plan assumes the same level of revenues over the 2007-2012 period as projected by the Congressional Budget Office under its current-policy baseline; the baseline essentially assumes no change in current laws governing taxes. … [C]harges that the plan requires multi-hundred-billion dollar tax increases are not correct.
More at The Gavel.
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