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Obama’s Tax Claims Contradict Reality
Posted By Curtis Dubay On April 16, 2009 @ 9:14 am In Ongoing Priorities | Comments Disabled
President Obama marked Tax Day with a speech touting his tax policies.  He made several claims about how his policies will improve the economy, most of which don’t hold up under close scrutiny.
Here are a few of the more egregious examples:
The tax cuts in the so-called stimulus will not stimulate the economy. President Obama chose to pursue tax policies that redistribute income to low-income tax filers instead of cutting tax rates to encourage economic growth.  By doing so, he missed an opportunity to actually create jobs and put more money in the pockets of the people he wants to help.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2009/04/16/obama%e2%80%99s-tax-claims-contradict-reality/
URLs in this post:
 Tax Day with a speech touting his tax policies.: http://www.whitehouse.gov/blog/09/04/15/Real-Tax-Cuts-Making-a-Real-Difference/
 Making Work Pay Credit : http://www.heritage.org/Research/Taxes/wm2240.cfm
 income redistribution that does nothing to stimulate the economy.: http://www.heritage.org/Research/Economy/wm2354.cfm
 not stimulate economic growth because the money must first be borrowed or taxed out of the economy : http://www.heritage.org/Research/Budget/bg2208.cfm
 663,000 jobs in March.: http://www.heritage.org/Research/Economy/wm2380.cf
 analysis used to concoct the number of jobs: http://www.heritage.org/Research/Economy/wm2252.cfm
 fatally flawed.: http://www.stanford.edu/~johntayl/CCTW%20Mar%202.pdf
 cutting tax rates to encourage economic growth.: http://www.heritage.org/Research/Economy/wm2191.cfm
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