Tax Debate: Facts Are Not Optional

This column is an absolute slam-dunk must-read. (ht: Dr. Boudreaux)

Liberals cut down to size - BostonHerald.com: "You can have your own politics, my liberal friends, you aren’t entitled to your own facts. And your claims about the Obama/GOP tax deal are pure, fact-free fantasy. ... Where to begin? First - show me the tax cut! Anyone’s tax cut. The tax deal Democrats keep claiming will 'cut taxes for the rich' doesn’t cut taxes at all. It keeps rates the same. Unchanged. As in, 'not lower than they are now.' ... Then there’s the nonsense about how letting people keep their own money will 'cost' $855 billion. ... Tax cuts don’t cost money. Spending costs money - you know, like the massive $1.2 trillion omnibus “I don’t care who won the midterms” spending monstrosity dumped on the American people yesterday. That’s where the borrowed money from China is going: to 'maple syrup research' in Vermont, and a million-dollar memorial to deceased Democrat hack John Murtha and $8 million in pork to the Ted Kennedy boondoggle on Morrissey Boulevard. ... Not only that, but their [the rich] share of the tax burden actually went up - not down - under President Bush. According to the Tax Foundation, the top 1 percent of earners paid 37.42 percent of the federal tax bill in 2000. By 2007, they paid 40.41 percent. The top 5 percent of earners - $128,000 or more - already pay more than 60 percent of the federal tax bill, while the bottom 50 percent pay just 3 percent."

Related links:
Tax Deal Roundup, And Open Letter To Bernie Sanders ...
What's The Ideological Divide Over Taxes? Why?
Who Pays Taxes? Are They Doubly-Progressive?