Federally-issued blue smoke and mirrors. 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. ... MOREThomas Sowell - Prophets And Losses II
Federally-issued blue smoke and mirrors. 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. ... MORE