The Biggest Tax Increase in US History

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“Yes, we’ll have to raise taxes,” Mr. Edwards declared in February in one of the first statements by a Democratic candidate on the issue.

Democratic strategists said the candidates were all keenly aware that Republicans are eager to attack them over tax increases. Vice President Dick Cheney accused Congressional Democrats last week of already planning “the biggest tax increase in American history.”

“The result would be a staggering tax increase on the middle class, on families and small businesses, and a return of the federal death tax from zero back up to a confiscatory 55 percent,” Mr. Cheney said.