I cannot believe this isn't getting more play.

This is a honking big Rubicon that Obamanomics is demanding we cross...

New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president's budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government.

Catch that?

Congratulations, Obamerica - go ahead and try to vote yourselves rich.

I'll be going Galt.

As they say, read the whole thing.

Posted by: DocJ at 07:10 PM | No Comments | Add Comment
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