Center for Freedom and Prosperity Foundation
For Immediate Release
Monday, November 8, 2010
202-285-0244
www.freedomandprosperity.org
New CF&P Video Debunks White House
Tax-Increase Propaganda
(Washington, D.C., Monday, November 8, 2010) In a new mini-documentary released today by the Center for Freedom and Prosperity Foundation (CF&P), Dan Mitchell of the Cato Institute provides a point-by-point rebuttal of a recent White House pro-tax increase video. The full White House production, which is narrated by Council of Economic Advisers Chair Austan Goolsbee, is actually embedded in the CF&P video, allowing viewers to get both sides of the argument.
In the CF&P video, entitled “Debunking White House Pro-Tax Increase Propaganda,” Mitchell explains that the Administration’s analysis is based on the notion, which is easily falsified, that the economy is a fixed pie. Moreover, he shows that changes in tax rates have a significant impact on taxpayer behavior, thus undermining another key premise of the Goolsbee video.
The most fundamental flaw of the White House’s video, however, is the philosophically corrupt assumption that government has the first claim on money earned by the American people. Goolsbee actually asserts, for instance, that it would be a mistake to “give” money to selected taxpayers.
Links to the video: YouTube | Yahoo | Capitol Hub
“The White House’s economic track record leaves much to be desired,” said CF&P Foundation President Andrew Quinlan, “and the video asks why anybody should believe an Administration that claimed $800 billion of additional government spending would keep unemployment below 8 percent.”
“Higher tax rates on investors, entrepreneurs, and small business owners will hurt growth and reduce competitiveness,” said the video’s narrator, Dan Mitchell of the Cato Institute, who added that, “It is a shame that the Obama Administration has doubled down on class warfare when – as shown in the video – President John F Kennedy understood lower tax rates for everyone are the way to improve prosperity.”
Executive Summary
This Center for Freedom and Prosperity Foundation mini-documentary debunks White House pro-tax propaganda with a point-by-point rebuttal of a video narrated by Austan Goolsbee of Obama’s Council of Economic Advisers.
CF&P Foundation has also released more than three-dozen mini-documentaries since 2007. These videos include Tax Competition Primer, The Paris-Based OECD: Pushing Obama’s Big-Government Agenda With Your Tax Dollars, There Are too Many Bureaucrats and They Are Paid too Much, VAT-Hidden Tax, Global Flat Tax Revolution, Cutting the U.S. Corporate Income Tax, Promoting Prosperity, Obama’s So-Called Stimulus, Obama’s Deferral Proposal, Case Against Class-Warfare Tax Policy, President Obama’s Dishonest Demagoguery on Tax Havens, Six Reasons Why the Capital Gains Tax Should Be Abolished, The Rahn Curve and the Growth-Maximizing Level of Government, a three part series on the Benefits of Tax Havens and a another three-part series on the Laffer Curve.
Link: http://www.freedomandprosperity.org/videos/videos.shtml
Web Links:
YouTube
http://www.youtube.com/watch?v=Nri1yH16168
Yahoo
http://video.yahoo.com/watch/8534366/22895281
Capitol Hub
http://capitolhub.com/video/9263/debunking-white-house-pro-tax-increase-propaga nda
For additional comments:
Andrew Quinlan can be reached at 202-285-0244, andy@freedomandprosperity.org
Dan Mitchell can be reached at 202-218-4615, dmitchell@cato.org
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