Monday, July 2, 2012

ObamaCare Is NOT The Largest Tax Increase In History

credit: The Incidental Economist
Super Pacs funded by billionaires and corporations domestic and most likely foreign have been running ads declaring ObamaCare as the biggest tax cut in history.  That's not even close to being true.  It's less than President' Clinton's 1993 tax increase, that was heralded as a job killing tax but had the opposite effect.  Republican politicians, Fox news and millions of dollars of TV ads will pound this falsehood into Americans brains.  Will it work?  Most likely, many Americans believed all that nonsense about imaginary death panels,  WMD's in Iraq and Fox news is fair and balanced.
Credit: Kevin Drum, Mother Jones

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