Obama’s Tax Increases

As he mocks those who oppose Obama’s brilliant policies, Ezra Klein mentions Obama’s proposal to raise the marginal tax rate on incomes of over $250,000 by “4.5 percentage points.” Check it out; by using the number 4.5, Klein makes it sound like Obama wants to raise taxes by 4.5 percent, when in fact a 4.5 point increase (from 35% to 39.5%) actually represents a 12.9% increase in taxes. Typical liberal misdirection; it just never stops.

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