New CF&P Video Debunks White House Tax-Increase Propaganda
(Washington, D.C., Monday, November 8, 2010) In a new mini-documentary released today by the Center for Freedom and Prosperity Foundation(CF&P), Dan Mitchell of the Cato Institute provides a point-by-point rebuttal of a recent White House pro-tax increase video. The full White House production, which is narrated by Council of Economic Advisers Chair Austan Goolsbee, is actually embedded in the CF&P video, allowing viewers to get both sides of the
In the CF&P video, entitled "Debunking White House Pro-Tax Increase Propaganda,"
Mitchell explains that the Administration's analysis is based on the notion, which is easily falsified, that the economy is a fixed pie. Moreover, he shows that changes in tax rates have a significant impact on taxpayer behavior, thus undermining another key premise of the Goolsbee video.
The most fundamental flaw of the White House's video, however, is the philosophically corrupt assumption that government has the first claim on money earned by the American people. Goolsbee actually
asserts, for instance, that it would be a mistake to "give" money to selected taxpayers.
"The White House's economic track record leaves much to be desired," said CF&P Foundation President Andrew Quinlan, "and the video asks
why anybody should believe an Administration that claimed $800 billion of additional government spending would keep unemployment below 8 percent."
"Higher tax rates on investors, entrepreneurs, and small business owners will hurt growth and reduce competitiveness," said the video's narrator, Dan Mitchell of the
Cato Institute, who added that, "It is a shame that the Obama Administration has doubled down on class warfare when - as shown in the video - President John F Kennedy understood lower tax rates for
everyone are the way to improve prosperity."
This Center for Freedom and Prosperity Foundation mini-documentary debunks White House pro-tax propaganda with a point-by-point rebuttal of a video narrated by Austan Goolsbee of Obama's Council of