President Obama told George Stephanopoulos it wasn't a tax and that Stephanopoulos was "stretching" when asked about it.
Enjoy.
President Obama told George Stephanopoulos it wasn't a tax and that Stephanopoulos was "stretching" when asked about it.
Enjoy.
I dont get this post. Does it have to be the 'biggest' tax increase to qualify as a bad idea? Obamacare is a bad idea from inception, no matter how high the taxes imposed are from historical standpoint.
I just watched that interview...quite painful.
The analogy with auto insurance is just wrong. A person can always choose not to have a car/drive.
From the link...
On top of that, it doesn't make sense to compare 2019 dollars to 1985 dollars. You have to adjust for inflation, or express the amount as a total of Gross Domestic Product at the time, which is a way to measure the relative impact of a tax provision at the time it was enacted.
Neither does it make any sense to cast the tax as a percentage of GNP. Instead, simply list all those tax increases in the chart in inflation-adjusted dollars. That would be the most honest comparison, and is the standard method we always see. It makes one wonder why the author of the chart chose that bizarre method instead. Could it have something to do with the desired outcomes I spoke of?