I said this was coming. Here it is.
The Democrat budget reported Wednesday proposes the largest tax increase in U.S. history – $392.5 billion over 5 years – mainly to finance immense new spending through 2012. Although they try to insist otherwise, the figures in their budget assume these tax increases will occur automatically – and without them they cannot achieve a balanced budget, as they claim.
The largest tax hike in history!
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