Tax and Fee hikes outweigh spending reductions by a ratio of more than 2.5 to 1.
According to analysis, for every dollar of actual year over year spending cuts, the House proposes $2.56 of tax and fee increases. House budget makers have often repeated the phrase “balanced approach” to describe how they crafted their fiscal year 2009-2010 budget proposal. Indeed, a mix of spending cuts and tax and fee increases are included in the House plan. A look at the numbers behind the rhetoric, however, calls into question the House’s definition of “balance.”