william mcgurn

William McGurn of the Wall Street Journal explains the accounting shell game of the Barack Obama tax plan.

Here’s how it will work:

Under Obama’s tax plan, 44% of Americans will owe no income taxes but many will get a “tax cut” anyway.

Meaning they’ll get more back from the IRS than they put in.

Writing for the Wall Street Journal, William McGurn reminds us what happened the last time a Democrat presidential candidate promised to cut middle-class taxes.

That’s right, Bill Clinton forgot his pledge even before taking office and went on to raise taxes on almost everyone.

Is there any reason to expect a repeat from a Barack Obama administration?