Mitchell, Daniel J.
September 1992
National Review;9/14/1992, Vol. 44 Issue 18, p52
The article reiterates the veracity of Patrick Buchanan's claim that U.S. President George Bush's 1990 budget deal included the largest tax increase in history. It criticized the press and television reports that the largest tax increase happened in 1982 with the Tax Equity and Fiscal Responsibility Act (TEFRA). In comparison the tax increased under TEFRA by $17.3 million in 1983, a year after the law was enacted, while the 1990 budget deal increased the 1991 tax receipts by $25.5 billion. Even with inflation factored in, the 1990 tax increase under Bush would surpass all other tax increases.


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