Keith Hennessey has turned the CBO analysis of the House Democrats’ horrifying health care bill into a horrifying chart:
You can see the huge tax increase outstripped by the even huger spending increase. In the long run, the outlook is even more horrifying:
These are the official CBO numbers. The true story is worse still. The marginal tax rates being contemplated (around 50%) are well up the Laffer curve, so the new taxes won’t bring in nearly as much money as predicted by the CBO’s model.
(Via Hot Air.)
