Last time I checked, David Frum was not a Democrat, not a leftie, not a friend of the administration. So his calling out conservative Republicans for their attacks on Obama's economic policies is especially significant. He writes:My conservative friends argue that the policies of Barack Obama are responsible for the horrifying length and depth of the economic crisis.Question: Which policies?
Obama’s only tax increases – those contained in the Affordable Care Act – do not go into effect until 2014. Personal income tax rates and corporate tax rates are no higher today than they have been for the past decade. The payroll tax has actually been cut by 2 points. Total federal tax collections have dropped by 4 points of GDP since 2007, from 18+% to 14+%, the lowest rate since the Truman administration.
If so minded, you could describe Barack Obama as the biggest tax cutter in American history.
Funny, I have not heard the president called "the biggest tax cutter in history" on Fox News.
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