Text (HL+errata): 2/2. ; White enchantment spells and green enchantment spells cost {2} more to cast. [Oracle 2009/07/08]
The extra mana is not considered part of the mana cost. A Spell Blast would still only requires the original mana cost as X in order to counter the spell. [Duelist Magazine #9, Page 36]
Note - This card was of creature type "Legend" until Oracle 2004/10/01, when it became no type. Then with Oracle 2007/10/01 it became "Dwarf Wizard". Then with Oracle 2008/01/01 it became "Vampire Dwarf".