The President’s Statements on Tax Reform Do Not Add Up
Yesterday, President Obama claimed that “the math” behind Republicans’ proposal to obtain $800 billion in revenue through tax reform without raising tax rates does not add up:
However, just last year the President said that it was possible to obtain $1.2 trillion in revenue through exactly the same process that the Republicans presented earlier this week:
Which is it Mr. President? Instead of issuing contradictory statements while we get closer and closer to the fiscal cliff, the country might be better served if the White House were to engage in a serious effort to provide Americans and American businesses with relief from the massive tax hikes they face in less than a month’s time. ### |