Raising Democrats’ Taxes

Supercommittee members Sen. Pat Toomey and Rep. Jeb Hensarling are taking flak from some conservatives for proposing a deal including increases in “revenues,” and a Washington Post reporter had some fun insinuating that they were backing a tax-rate increase.

As this is written, no one knows what the supercommittee will do (or not do), but it’s worth taking a look at what Toomey and Hensarling actually were talking about. It may not matter now, but could after 2012.

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