Taxes Will Go Up For Everyone

President Obama likes to tell us that only the rich will see higher taxes. And only the energy companies will face higher fees through the cap-and-trade scheme.

Being a liberal means never having to say you know a darn thing about economics. In a dynamic economy, tax hikes are never confined to just one group or sector. The costs are passed on, and the lower savings rates and the lower spending that result hurts everyone.

The National Center for Policy Analysis explains it clearly here.