Wednesday, July 24, 2013

President Obama Mischaracterizes Tax Burdens

I could only make it through a couple paragraphs of President Obama's speech. Eventually, I realized how lengthy it was and gave up. Not before I read this, though.

"We changed a tax code too skewed in favor of the wealthiest at the expense of working families."

In what way was the tax code skewed in favor of the wealthiest at the expense of working families? The United States had the most progressive tax code in the world at the time, and it's even more so now. Not only is it inaccurate, it doesn't make any sense.  How can a tax code possibly be skewed towards those who pay higher rates and higher dollar figures?  Plus, "at the expense of working families?" The tax code isn't zero sum.

Who wrote this?

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