Journal Calls Obama a Liar?

I don’t know about you but when I heard Obama tell O’Reilly “I didn’t raise taxes once. I lowered taxes over the last two years.” I had a Joe Wilson “You lie” moment.

The Wall Street Journal sets the record straight here:

LINK

The Journal also points out that taxes on businesses are in fact, taxes on consumers. This is a concept that gets so little attention. If a tax is slapped on at the cash register or included in the wholesale price before you get to the register the effect is the same: you are paying more for that item. That is what is meant by those who say, in reference to the corporate income tax, “corporations don’t pay that tax-they collect it.”

Liberals want us to join them in hating greedy, faceless corporations. When we do we have been played for suckers because it is we that pay the higher prices. And when those same corporations relocate or hire overseas we suffer lost job opportunities and domestic tax revenue.

Big businesses bring economies of scale and other efficiencies that bring us cheaper goods. Instead of demonizing them-imagine living in a world without them.

Pat Duggan

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Published in: on February 9, 2011 at 3:31 pm  Leave a Comment  
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