Debunking Obama’s Flawed Assertions on Tax Deductions and Corporate Welfare

The liberal/progressive/democRATs continue to assume that higher tax rates mean higher tax revenues. This is interesting considering that they on the one hand want to use the tax code to encourage behaviors they favor. Yet they fail to realize that when marginal rates go up behaviors change so that the added revenue they expect does not materialize. Worse yet the changes in behavior act to reduce economic growth. Romney has the right tax plan and Obama has only a class warfare tax plan. Romney understands that he will have to work with the legislative branch and allow for some give and take to get tax reform accomplished, Obama is clueless on economic issues. Romney has worked across the aisle. Obama has not.