Obama Pursues Higher Tax Rates, Growth Be Damned

By Michael Barone - May 21, 2012

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In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies. European spending cuts, the argument goes, have hurt people and are arousing political opposition, while Obama's proposals to keep federal spending at 24 percent of gross domestic product indefinitely are likely to succeed. Evil Republican...

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