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

FORBES: Magazine Article

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.

FORBES: Fact and Comment

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.

FORBES: Magazine Article