White House blasts study critical of Obama’s tax-plan

[Shadow]

The White House hit back hard late Tuesday (http://www.whitehouse.gov/blog/2012/07/17/fact-check-industry-financed-study-gets-president-s-tax-cuts-wrong) at a study by accounting firm Ernst and Young that charged President Barack Obama's signature tax proposal could cost 710,000 jobs (http://news.yahoo.com/blogs/ticket/study-says-obama-tax-proposals-could-cost-700-145037841.html), claiming it's chock full of "major flaws, errors and misleading statements."

Obama has called for extending Bush-era tax cuts on income up to $250,000, a move that chiefly would benefit the middle class, while letting lower tax rates on upper brackets expire on schedule come January 1. (The richest Americans would still get tax cuts on their first $250,000 of income.) The president has said that the country cannot afford the Republican plan to extend all of the tax cuts, and warned that doing so would force cuts to popular government programs.
On the official White House blog, senior Obama economic policy aide Jason Furman ripped the new study. Among his complaints:

- The report, funded by pro-business groups generally hostile to Obama's agenda, assumes that none of the revenue generated by raising taxes on the richest Americans goes to deficit reduction. Instead, it assumes the money would go to expanding government spending. But the president has called for the money to go to reducing the federal deficit and national debt.

- The report omits Obama's push for new tax cuts to spur private-sector hiring and investment. By ignoring the predicted impact on jobs growth, Furman argued, the study distorts the impact of the president's agenda.

http://news.yahoo.com/blogs/ticket/white-house-blasts-study-critical-obama-tax-plan-214215322.html

[Kathianne]

The White House hit back hard late Tuesday (http://www.whitehouse.gov/blog/2012/07/17/fact-check-industry-financed-study-gets-president-s-tax-cuts-wrong) at a study by accounting firm Ernst and Young that charged President Barack Obama's signature tax proposal could cost 710,000 jobs (http://news.yahoo.com/blogs/ticket/study-says-obama-tax-proposals-could-cost-700-145037841.html), claiming it's chock full of "major flaws, errors and misleading statements."

Obama has called for extending Bush-era tax cuts on income up to $250,000, a move that chiefly would benefit the middle class, while letting lower tax rates on upper brackets expire on schedule come January 1. (The richest Americans would still get tax cuts on their first $250,000 of income.) The president has said that the country cannot afford the Republican plan to extend all of the tax cuts, and warned that doing so would force cuts to popular government programs.
On the official White House blog, senior Obama economic policy aide Jason Furman ripped the new study. Among his complaints:

- The report, funded by pro-business groups generally hostile to Obama's agenda, assumes that none of the revenue generated by raising taxes on the richest Americans goes to deficit reduction. Instead, it assumes the money would go to expanding government spending. But the president has called for the money to go to reducing the federal deficit and national debt.

- The report omits Obama's push for new tax cuts to spur private-sector hiring and investment. By ignoring the predicted impact on jobs growth, Furman argued, the study distorts the impact of the president's agenda.

http://news.yahoo.com/blogs/ticket/white-house-blasts-study-critical-obama-tax-plan-214215322.html

I do think they protest too much. I wonder who audits the feds? I'll bet you E & Y is one of them.

[aboutime]

It would be odd if the W/H didn't deny, or blast such a study. It's not in keeping with the endless Lies Obama is spreading on his Campaign trips, where only THE UNINFORMED, EASILY LED, Gullible Americans get together to cheer their own Demise.

Obama knows the Study, or Studies are factual, and accurate. Actually. If Obama was as smart as so many people who have been fooled by him thought. Obama would have made the announcement Himself. But...that would only put him in a spot where he'd have to create ANOTHER LIE to cover up the first, second, third, fourth...and on...Into INFINITY.

[aboutime]

The White House hit back hard late Tuesday (http://www.whitehouse.gov/blog/2012/07/17/fact-check-industry-financed-study-gets-president-s-tax-cuts-wrong) at a study by accounting firm Ernst and Young that charged President Barack Obama's signature tax proposal could cost 710,000 jobs (http://news.yahoo.com/blogs/ticket/study-says-obama-tax-proposals-could-cost-700-145037841.html), claiming it's chock full of "major flaws, errors and misleading statements."

Obama has called for extending Bush-era tax cuts on income up to $250,000, a move that chiefly would benefit the middle class, while letting lower tax rates on upper brackets expire on schedule come January 1. (The richest Americans would still get tax cuts on their first $250,000 of income.) The president has said that the country cannot afford the Republican plan to extend all of the tax cuts, and warned that doing so would force cuts to popular government programs.
On the official White House blog, senior Obama economic policy aide Jason Furman ripped the new study. Among his complaints:

- The report, funded by pro-business groups generally hostile to Obama's agenda, assumes that none of the revenue generated by raising taxes on the richest Americans goes to deficit reduction. Instead, it assumes the money would go to expanding government spending. But the president has called for the money to go to reducing the federal deficit and national debt.

- The report omits Obama's push for new tax cuts to spur private-sector hiring and investment. By ignoring the predicted impact on jobs growth, Furman argued, the study distorts the impact of the president's agenda.

http://news.yahoo.com/blogs/ticket/white-house-blasts-study-critical-obama-tax-plan-214215322.html

Is that what they are calling 'DEFENDING A LIE?' these days?
Obama, hitting Hard, is having a celebrity come to visit, and not allowing them to leave the White House until they promise to DONATE those Big Hollywood Bucks. That is Hitting Hard.