Michael Cannon

Baucus Bill: Taxed Coming Or Going Or Both? (UPDATED)

The Titanic Of All Debt Clocks Michael Cannon of the Cato Institute has stepped up and is explaining the taxation that is coming down the line in the form of the Baucus Bill: Still curious about the truth? Despite New Deficit-Cutting Claim, Baucus Bill Is Just Tax-and-Spend Let's start with the price tag. According to the report just released by the Congressional Budget Office, the bill will cost roughly $829 billion over the next 10 years. And, significantly, it is even projected to reduce the budget deficit over 10 years by $81 billion. Of course, both those numbers are misleading.…
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