Debunking Obama’s Flawed Assertions on Tax Deductions and Corporate Welfare

In a violation of the 8th Amendments prohibition against cruel and unusual punishment, my brutal overseers at the Cato Institute required me to watch last nights debate (you can see what Cato scholars said by clicking here).


But I will admit that it was good to see Obama finally put on the defensive, something that almost never happens since the press protects him (with one key exception, as shown in this cartoon).

This doesnt mean I like Romney, who would probably be another Bush if he got to the White House.

On the specifics, I obviously didnt like Obamas predictable push for class warfare tax policy, but Ive addressed that issue often enough that I dont have anything new to add.

I was irked, though, by Obamas illiteracy on the matter of business deductions for corporate jets, oil companies, and firms that ship jobs overseas.