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Obama’s Big Six State of the Union Tax Myths

Posted 01/25/2012 06:42 PM ET

Taxes: If President Obama wants to create a fairer country, shouldn’t he start by fairly portraying our tax code? Instead, he used his State of the Union speech to peddle a number of blatant tax falsehoods.

In his speech, Obama repeatedly turned to the tax code to explain what’s wrong with the country. It favors the rich, he said. It benefits companies that send jobs abroad. It subsidizes the dirty old oil industry. It’s the cause of our deficit problem. And worst of all, plenty of people and businesses aren’t paying their “fair share.”

None of it is true.

But that hasn’t stopped Obama from repeating them every chance he gets, hoping that no one will notice or that his critics will get tired of correcting the record.

Read more….http://news.investors.com/IBDEditorials.aspx

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