Is it true MSM is finally getting a twinge of conscience over Obama tax policies?
AP: Hey, Obama may not have been honest about taxes after all
Hot Air
The Associated Press has finally discovered math, and realizes that Barack Obama’s numbers don’t add up. Don’t expect this to last long, but the AP finally reports what every sentient being outside the mainstream media and the Democratic Party (but I repeat myself) already understood:
President Barack Obama promised to fix health care and trim the federal budget deficit, all without raising taxes on anyone but the wealthiest Americans. It’s a promise he’s already broken and will likely have to break again. Obama and the Democratic-controlled Congress have already increased tobacco taxes – which disproportionately hit the poor – to pay for extending health coverage to 4 million children in working low-income families.
Wow! Not only did the AP recognize that Obama broke his pledge not to raise taxes on people below $250,000, but they also acknowledge that Democrats like regressive taxes as much as they like progressive taxes. In fact, it would be easier to report that they just like any tax they can pass.
It gets better. AP reporter Stephen Ohlemacher notes that the cap-and-trade bill amounts to a tax on American families, although he uses the bogus $175 per year estimate from the CBO that only includes the cost of implementing and maintaining the system. It doesn’t count the cost increases of energy not just on the homes themselves, but on every step of the distribution chain for goods and services, which will create a significant jump in prices, which is also a sharply regressive burden as it will hit hardest those with less disposable income.
But little steps are better than no steps. Perhaps now that the AP has admitted that Obama lied about his economic policies, they can start reporting honestly on their costs.
That sentiment will last about as long as a popsicle on a hot day.
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