Tuesday, March 10, 2009
Though he campaigned as an economic centrist, the Obama budget that went to Capitol Hill last week marks a dramatic return to the high-tax ideology of the pre-Clinton Democratic Party. His budget includes a net tax increase of over $1 trillion over the next decade. If that were not bad enough, the same document reveals that more than $325 billion of the advertized $770 billion in family tax cuts is actually new spending. And it gets worse from there.
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