10.01.2008 0


  • On: 10/23/2008 17:12:47
  • In: Taxes
  • ALG Editor’s Note: Yesterday, in “The $5 Trillion Question,” ALG News reported that Barack Obama would increase spending by $1 trillion in his first year of office. This was not accurate. The $1 trillion would be spread over the four years of his tenure in office, as chronicled by James Pethokoukis in “Obama’s Trillion-Dollar Spending Plan.” But, to pay for it, he’d still have to raise taxes on the middle class, and not just the top 5 percent, or run deficits, in which case the middle class gets taxed anyway either through inflation or higher taxes.

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