February 4, 2012

Tax Reality vs. Liberal Propaganda

By Paul Revere
Want to help make a huge step towards balancing the budget, make the tax code fair and equitable, and improve the economy? According to President Obama, Massachusetts Senate candidate Elizabeth Warren, and other liberals, the way to do this is to raise taxes on the wealthy: From a CBS partial transcript of the 2012 State of the Union address: "Tax reform should follow the Buffett Rule. If you make more than $1 million a year, you should not pay less than 30 percent in taxes." More famously, from a 2011 Warren town hall: "You [wealthy people] moved your goods on roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces the rest of us paid for." These are great arguments to run on in an election cycle focused on jobs, economic fairness, and government reform.  Unfortunately, they run into the slight problem of not being based in reality -- especially Warren's statement, since she...(Read Full Article)