FACT CHECK: Looming tax hike not the biggest ever

by admin on Monday, June 11th, 2012 | Comments Off

FILE - In this Feb. 15, 2012, file photo, House Majority Leader Eric Cantor of Va., accompanied by fellow GOP leaders House Speaker John Boehner of Ohio, Rep. Cathy McMorris Rodgers, R-Wash., Cantor, and House Majority Whip Kevin McCarthy, R-Calif., gestures during a news conference on Capitol Hill in Washington, to discuss the payroll tax cut negotiations. Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts are scheduled to expire unless Congress acts. GOP leaders in Congress claim it would be "the largest tax increase in American history." Except it wouldn’t be, not when you take into account the big tax increases used to help pay for World War II. (AP Photo/J. Scott Applewhite, File)Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts is scheduled to expire unless Congress acts.



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