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Largest tax increase ever?

July 2, 2012

I’m still not sure if it is good for the country, but the Affordable Care Act (Obamacare) is not the largest tax increase in American history.  According to Joseph Thorndike, director of the Tax History Project at Tax Analysts, the 1993 Clinton tax increase and the 1982 Reagan tax increase were both larger.  We still need to find a way to make health care more affordable for the entire nation.  Does either party have a suggestion on how to do this or are they too busy fighting each other over what’s already on the books.

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