President Obama and other statists in Washington want a big class-warfare tax hike. They claim the additional revenue is necessary to reduce red ink.
But their ideological crusade is based on some blatant distortions.
In other words, the Obama tax hike will make government bigger, even if some naively support the tax hike because they want smaller deficits.
That being said, I’m not overly optimistic that Obama’s divisive proposal can be stopped, largely because I don’t think Republicans will take my advice on how to win this fight.