Barack Obama has said his latest tax plan (dubbed Obama Tax 3.0 by the Wall Street Journal) will result in a "tax cut" for 95% of Americans (even the 40% who pay no taxes today).
Tonight, the Democrats show us the kind of math prowess needed to achieve those numbers:
Obama will also raise taxes on "the wealthy", i.e., those that pay the vast majority of the taxes in this country. Of course, the past 60 years of data shows us that when that happens, gross domestic product will go down and -- surprise! -- the economy will suffer.
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