Obama’s Tax Cut is Actually a Spending Increase, Says Non-Partisan Group

Democratic presidential candidate Barack Obama’s plan to cut taxes on 95 percent of taxpayers would effectively increase government spending by an average of $64.8 billion a year and effectively raise income tax rates for many Americans, even on some earning $20-$50,000 a year, according to the non-partisan Tax Policy Center. The heart of Obama’s tax cut proposal is refunds even for those who don’t pay taxes.