In response to:

Prophets and Losses: Part II

Specious Rule Wrote: Feb 06, 2013 9:09 AM
I'd say send this article to everyone in the congress and then spam the entire CBO with it at least twice a week. Of course our majority run house just allowed a tax increase.

Editor's Note: This column is part II in a series. Part I can be found here.

People on both sides of tax issues often speak of such things as a "$300 billion tax increase" or a "$500 billion tax decrease." That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they are talking about a proposed increase or decrease in the tax rate.

The government can only raise or lower the tax rate. Whether the actual tax revenues that the government will collect as a result will go up or...