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Today's Wall Street Journal Exposes Obama's 'Tax-Cut' Plan
August 19, 2008The following advisory is being released by the Institute for Policy Innovation: WHAT: A new op/ed published today in the Wall Street Journal exposes Barack Obama's tax plan as a combination of increased tax rates for every major federal tax along with a series of federal spending programs hidden in the tax code as "refundable tax credits." Author of the op/ed, IPI Director of Entitlement and Budget Policy Peter Ferrara, calls the plan "The New Tax Welfare," explaining that the refundable tax credits Obama proposes would primarily go to those who already pay little or nothing in federal income taxes. Full release