FACT CHECK: GOP Taxmageddon is not the biggest tax increase in history

[NNN0LHI]

http://www.cbs12.com/news/top-stories/stories/vid_786.shtml

<snip>In 2013, Obama's budget proposal would increase tax revenue by $195 billion over current policy - if you include the tax increase from letting the payroll tax cut expire. The tax increase would represent 1.2 percent of GDP. Or, measured a different way, it would increase tax revenue by 7 percent.

That would rank as the fourth-largest tax increase since World War II, behind tax hikes enacted in 1950, 1951 and 1968, according to the Treasury Department paper.

Further dousing Romney's claim, House Republicans have passed a budget for next year - which Romney has embraced - that would raise just $7 billion less in taxes than Obama's budget in 2013. That's the equivalent of a rounding error, when you're talking about revenues of $2.7 trillion.
---
Online:
Treasury paper on major tax bills since 1940: http://tinyurl.com/65r8f84

[emulatorloo]

1. Gop'ers are lying? WOW, I am shocked they would do such a thing!

Rec.

[Wounded Bear]

2. To a Republican...

every tax increase is the BIGGEST IN HISTORY.

Kind of like every Democrat is the "most liberal ________ (fill in the rank/office/branch) ever known since Joseph Stalin."

[Lawlbringer]

3. +100

At the GOP Convention, right before they announce the nominee, they're going to recut the Disney version of Robin Hood and play evil music whenever he's on screen. Also, they're going to just end it when he's captured and drop the ol' MISSION ACCOMPLISHED banner.