President Obama today released another piece of his budget, supposedly consisting entirely of "spending cuts"
Unfortunately, he's playing fast and loose with the facts. There are 9 "spending cuts" in his budget which are energy tax increases on American families
- These tax increases total $26.4 billion over the next decade. These are not spending cuts. These are tax increases. These will increase tax revenues flowing to the government, which will use these higher taxes to make the budget bigger, not smaller. Tax increases are not spending cuts
- Any freshman year poli-sci major knows the difference between a spending cut and a tax hike. We should expect more from a constitutional law professor who also happens to be the President of the United States
- You can read about all of President Obama's energy tax hikes by clicking here. Americans for Tax Reform has released a series of one-pagers detailing all of the tax hikes on American families' energy bills in the Obama budget
- These tax hikes are just the tip of the iceberg. To read more about all the tax hikes in the Obama budget, click here