taxes: President Obama's Budget: Largest Tax Increase in U.S. History - 03/26/09 04:59 PM
I just received this email from my congressman, Lee Terry, and wanted to share it.  Thoughts?
 
 
President Obama's Budget: Largest Tax Increase in U.S. History The $3.6 trillion budget President Obama is proposing includes the largest tax increase in U.S. history.  Taxing Americans with hundreds of billions of dollars is wrong.  Christina Romer, the Chair of the President's Council of Economic Advisors has said that "tax increases are highly contractionary." Increasing taxes during a recession will only prolong the pain.    President  Obama's budget proposes to raise taxes on energy. The Administration is banking on $646  billion in  new revenue from … (4 comments)

 
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