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    New Budget Raises Taxes $3,135 Per Household


    The Heritage Foundation's Brian Riedl has a new analysis of the House Budget Committee's budget blueprint. Among his findings, the budget plan:

    * Raises taxes by $1.265 trillion over five years and $3.911 trillion over 10 years, or more than $3,135 per household annually;
    * Includes 17 reserve funds that could be used to raise taxes by hundreds of billions more;
    * Increases discretionary spending by 8 percent and does not terminate a single wasteful program; and
    * Completely ignores the impending explosion of Social Security, Medicare, and Medicaid costs.