CHART: Actually, Obamacare Is Nowhere Close To America's Largest Ever Tax Increase

Rush Limbaugh claimed Friday that the Affordable Care Act constitutes the biggest tax increase in history.

We are confident that someone, somewhere is working out where the bill stands as far as world tax increases.

In the meantime, we now have this graph, via Dr. Austin Frakt at The Incidental Economist and Boston University, showing the country’s largest-ever tax increases as a percentage of GDP, using Treasury data compiled by Mother Jones’ Kevin Drum.

Obamacare is not even close.

(Thanks to Dr. Frakt for giving us permission to run his chart.)

obamacare

Photo: The Incidental Economist

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