The Cato Institute’s Dan Mitchell uses his latest video to debunk “White House pro-tax increase propaganda.”
Congress returns next week for a lame-duck session and all eyes will be on the tax issue as Congress decides how to address the expiring 2001 and 2003 tax cuts.
The Obama Administration wants higher tax rates on investors, entrepreneurs, small business owners, and other so-called rich people next year. The White House even released a pro-tax increase video narrated by Austan Goolsbee of the Council of Economic Advisers.
But the Obama Administration’s video is riddled with errors, as explained in a rebuttal video: