Tuesday, May 25, 2010

Congress digs deeper into debt

Keith Hennesey has renamed The American Jobs and Closing Tax Loopholes Act of 2010 to The Hypocrisy Act of 2010:

CBO gives us the net budgetary effects of the bill over the 11-year period 2010-2020:

* $40 B net tax increase;
* $174 B spending increase;
* $134 B deficit increase.

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