Barack Obama's Expensive Domestic Agenda Will Cost America's Middle Class

The bottom line is that Mr. Obama is selling the country on a 2% illusion. ..Mr. Obama is very good at portraying his agenda as nothing more than center-left pragmatism. But pragmatists don't ignore the data. And the reality is that the only way to pay for Mr. Obama's ambitions is to reach ever deeper into the pockets of the American middle class. Full Story »

Posted by Walter Cox

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Review

Peter L. Combs
3.8
by Peter L. Combs - Mar. 1, 2009

This is a WSJ editorial based on current IRS Tax rates and reported incomes in the USA. The article points out with deft clarity the folly of the current plans for Income Tax Revisions now being considered. Facts are stubborn things.

I hope Mr. Obama and the new administration find a better mathematician than they apparently have at this time. A 100% tax for those earning over $250K seems just a tad overburdensome.

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