Did the Bush Administration Just Endorse A Tax Increase?

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From today's WaPo, White House budget director Joshua Bolten:

The White House does include $37 billion in Iraq and Afghanistan war costs for 2006 and $13 billion in 2007, but Bolten said those costs will certainly be higher than that. The projection also includes no additional expenditures to fix the alternative minimum tax, a parallel income tax enacted to ensure the rich pay taxes but one that increasingly ensnares the middle class. Bolten acknowledged the AMT needs to be fixed, but he said it should be part of an overall tax reform effort that does not change total tax revenues.

If you decrease revenues by fixing the AMT, and you want to keep overall revenues constant, then you'll have to increase revenues elsewhere!

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