First we have to deal with this absolute mis-information campaign from the White House Blog. Where they try to show that they really aren’t that evil for considering enacting the largest tax increase in American history: Obama’s Tax Hike of January 1st, 2011.
One of the major points that they try to make with the blog entry is that we can’t afford to not tax the wealthy .. double negatives are even harder to prove than negatives.
We simply can’t afford to give the wealthiest Americans these big tax cuts that would add to our deficit and, according to the non-partisan Congressional Budget Office, be just about the least effective way to grow our economy and help create jobs.
Thankfully, we have the folks at the Center for Freedom and Proseperity to answer with reason and logic. CF&P today released a video that dispels the myth that only tax increases can reduce deficits.