The Joint Committee on Taxation was asked by Sen. Orrin Hatch to figure out who will bear the brunt of the cost of the Baucus bill just passed in committee. Here is an account of the resulting report: the middle class, mostly.
There are certain statements by presidential candidates that you know, when you hear them, are destined for the contradiction of experience. One was Jimmy Carter saying, "I will never lie to you." Another was George W. Bush saying that anyone on his staff even caught in an apparent unethical lapse would be fired at once. Another, for sure, was Barack Obama's promise never to raise the taxes of anyone making under $250,000 a year.
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