Posted by
Gabrielle Cusumano on Friday, December 09, 2011 9:11:37 PM
"Not only is the Clinton plan now poised to raise taxes in the face of a weakening economy ( the key blunder of the 1990 Bush plan) but nearly all of the increases will be shouldered by only one class of taxpayers--those with six-figure incomes. They are unexpectedly being asked to help make up for the loss of revenue from the now-dead energy tax by paying nearly $7 billion in new taxes, retroactive to last January." (1993 Congressional Democrats idea "wringing an estimated $6.75 billion out of "rich people" by income-tax hike)
Found in an article HOW THE BUDGET BILL WENT AWRY Compromising Positions, The Bottom Line/ Christopher Byron, New York Magazine, August 16, 1993 page 16-19