Palin said, "Democrats are poised now to cause this largest tax increase in U.S. history." She was asked about tax cuts for the top 2 percent. Either Palin is confused about the revenue numbers involved with extending the tax cuts, or she's willfully distorting the Democratic plans. We'll let you be the judge of that. Regardless, Wallace was very specific about asking her about tax increases for the top 2 percent. And that does not represent the largest tax increase in history. The unlikely outcome that she seems to be talking about -- that all of the Bush tax cuts will be repealed -- wouldn't be the largest tax increase in history either. Palin read the number on her hand correctly, but that's about all she got right. So we rate her statement Pants on Fire.But Sarah Palin wasn't about to let stupid things like math or fact to get in her way, oh no.
To prevent PolitiFact from making similar mistakes in future, it would be helpful if the White House and the Democratic Congressional leadership finally mustered the courage to table their plans to let the 2001 and 2003 tax cuts expire. Mr. President, publish your proposals, and we'll duke it out. You can argue in favor of a multi-trillion dollar tax hike in an age of economic uncertainty and mass unemployment, and we'll argue for fiscal sanity combined with serious spending cuts. I for one look forward to such a debate.Naturally the Idiocracy now believes Sarah Palin now has more credibility than PolitiFact.
Of course, someone forgot to tell Moose Lady that proposal has been out for months now and called the Fiscal Year 2011 Budget.
Allow the Bush Tax Cuts for Households Earning More Than $250,000 to Expire. In the last Administration, those at the very top enjoyed large tax breaks and income gains while almost everyone else struggled and real income for the middle class declined. Our Nation cannot afford to continue these tax cuts, which is why the President supports allowing those tax cuts that affect families earning more than $250,000 a year to expire and committing these resources to reducing the deficit instead. This step will have no effect on the 98 percent of all households who make less than $250,000.What part of "Sarah Palin was completely wrong" do the Wingers not get?