FLASHBACK: Obama 2009: ‘You Don’t Raise Taxes In A Recession’.Obama 2011: We Need A $1.5 Trillion Tax Increase

Historically each $1 in higher taxes results in $1.17 of new spending. And all the tax increases since WWII haven't brought down the debt one red cent. Not one. Increasing taxes to cut the deficit will do just the opposite because Democrats will simply spend it and then some. It. Is. A. Historical. Fact. The problem isn't revenues. It's spending. But the tone deaf don't get that. Case in point:

President Barack Obama is expected to seek a new base tax rate for the wealthy to ensure that millionaires pay at least the same percentage as middle income taxpayers. The proposal is expected to be unveiled on Monday.

Fact is, he was singing quite a different tune just two years ago: FLASHBACK: Obama Says ‘You Don’t Raise Taxes In A Recession’

In August 2009, President Obama was very clear about his belief that you should never raise taxes in a recession. Today he will unveil a $1.5 trillion tax increase.