Boehner's Plan B Exposes Obama's Grade-A Tax Lie

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Investors Business Daily:

Tax Policy: For years, President Obama said he just wanted to raise taxes a little bit on millionaires and billionaires. So guess how he responded when House Speaker John Boehner proposed to do just that.

Boehner's "Plan B" would extend the Bush tax rates on everyone except those making $1 million or more. The plan is a bad one economically and will do nothing to cut the deficit. But by offering it, Boehner did manage to call the lie on Obama's endless public claims about whose taxes he wants to raise.

During the campaign, for example, Obama said his plan "keeps middle-class tax cuts in place and reduces the deficit by finally asking millionaires and billionaires to pay their fair share." In his two-minute campaign ad, he looked at the camera and said he just wanted millionaires and billionaires to pay "a little bit more."