President Obama has been woefully misinformed. That is putting yesterday's speech in the best light. Others, and I don't blame them for saying such, accept that the president is pushing an outright lie in order to aid his re-election. I prefer to believe that Obama is not attempting to purposefully sabotage our nation, but it is becoming more difficult to do so.
In 2009, the president said that raising taxes during a recession would be bad. Our economy is currently on the verge of another recession. Apparently, someone needs to mention this to the president because yesterday, Obama proposed a $1.5 trillion tax increase. If passed, that would be detrimental to a recovery by his own admission.
This year households earning more than $1 million will pay an average of 29.1% of their income in taxes. Households earning $50,000 - $75,000 will pay 15% of their income in taxes. The Associated Press fact check states,
On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
Despite the obvious data, President Obama continued to argue that the wealthy shouldn't get a better deal on taxes than "ordinary families". He added, "This is not class warfare, it’s math." Maybe he needs to grab a calculator.