Gang of Six Plan Raises Taxes by $3 Trillion

This probably means they are using a CBO baseline that assumes the AMT continues as written today and that the current Bush rates expire. Last August, the CBO said those policies would amount to a $4.8 trillion tax hike. Which means the the Gang of Six plan probably raises taxes by about $3+ trillion over current rates.

Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/gang-six-plan-raises-taxes-3-trillion#ixzz1SaDNwBYc