Washington, D.C.--The Obama Administration braced for the release yesterday of thousands of class warfare documents covering its aggressive efforts to pit working Americans against the small and large business owners that provide most of the jobs in the United States.Analysts reviewing the documents said the massive compendium of internal reports "show a clear intent to raise tax brackets and the capital gains tax rate to 20 percent, penalizing work, saving, and investment and producing lower economic growth that will negatively effect everyone, regardless of income."
The leaked documents detail a failed effort to blame the current recession on tax cuts enacted five years before any economic downturn began and they reveal a "failed strategy based on the misguided premise that letting tax cuts for small and large businesses expire won't hurt economic growth."
Associated article: CATO Institute
