Tag: john spratt

Summary
The Democrats’ proposed 2008 budget is being spun by both sides. Democrats claim it will not raise taxes by even a penny, while Republicans say it will impose the largest or second-largest tax increase in history.
Obviously, the budget can’t be the largest tax increase in history and zero tax increase simultaneously. So which is it? The answer depends on a couple of questions: What constitutes an increase? And an increase compared with what?