Make no mistake: Such a massive tax increase would quickly throw the economy into recession.

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Fortunately, Paterson is joined here by New York City's mayor, Michael Bloomberg, who also came out vigorously against the idea after State Assembly Democrats endorsed a massive tax increase.

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The Dingell proposal would be a mini version of Herbert Hoover's massive tax increase that was enacted at the nadir of the Great Depression, costing several million more Americans their jobs.

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Let me be absolutely clear, because I know you'll end up hearing some of the same claims that rolling back these tax breaks means a massive tax increase on the American people.

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In June, the Energy and Telecommunications Committee in the New York State Senate approved law that would repeal a massive tax increase imposed under former Gov. David Patterson on electric power and gas.

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Only a massive tax increase.

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Jerry Brown claims his massive retroactive tax increase on upper-income Californians is balancing his budget.

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With such a reform, the state can limit the expansion of required pension contributions and find some money to spend on actual government services, or even roll back a part of the massive income tax increase that the state enacted in 2011.

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Mitt Romney and Republican leaders can now campaign relentlessly against a massive, sweeping tax increase that will fall on the shoulders of an already weak economy.

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There are only three options: Congress would have to boost the debt ceiling, adopt a massive trillion dollar-plus tax increase, or slash the government by more than one-third.

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Given the sheer number of British households that under the Labour government became eligible for tax credits, and given the rise in unemployment, this increase in benefits and tax credits represented a massive boost to households' spending power.

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It is not a stretch to say that the massive increase in California corporate profit growth over the years has not been matched by corporate tax receipts.

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