"Campaigning on her own, the Alaska governor also said Democratic presidential candidate Barack Obama "wants to raise income taxes and raise payroll taxes and raise investment income taxes and raise business taxes and raise the death tax.
" 'But John McCain and I know that's not the way you grow the economy,' she added.
"In fact, independent groups such as the Tax Policy Center have concluded that four out of five U.S. households would receive tax cuts under Obama's proposal, which include higher income and payroll taxes only for the wealthiest wage-earners."
As you may note, the final paragraph quoted above was not part of Ms. Palin's speech but an editorial add on by the Associated Press. The AP would defend the addition by claiming that it was necessary to put what Ms. Palin said into context. Why then didn't the AP also include information about the role of the wealthiest earners in creating and expanding businesses, the economy, and jobs, and on the extent to which Obama's tax proposals would provide a disincentive for them to continue and expand such activities?
Even Obama has recognized this, stating that he would delay seeking enactment of his proposal to increase taxes on high earners while the economy is sluggish. That, however, seems to be intentionally beyond the grasp of the BOM in general and the AP in particular.
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