Obama’s Budget Tax Hikes by $2 Trillion. The bad news keeps coming.
In related news, I have it on very good authority that the Heritage Foundation wants you to die.1 It’s true. It’s every bit as true as that chart above.
Yes, both omit some information so critical as to make the statement materially deceptive. The chart doesn’t mention that the taxes referenced are anticipated revenue over a decade. It just says that they are in the “FY 2013” budget. And when I say that the Heritage Foundation wants you to die, I only mean that it wants you to die, eventually, comfortably and from natural causes. Because the alternatives include zombie, vampire, and unholy brain-in-a-vat. And vampires aren’t real.
If we could raise $2 trillion in a single budget year with the sort of modest tax provisions in the FY 2013 budget, we could solve this national debt problem. Easily.
I understand it’s difficult to walk the line between “These taxes won’t raise much money” and “these taxes are taking so much money that the economy is going to die.” But if a guy can walk a tight-rope between the World Trade Center Towers, there’s got to be some way to pull this act off without misleading people.