From President Obama to Hillary Clinton to Elizabeth Warren, on down, the entire Democratic Party is invested in a false narrative about the relative burden of federal income taxes, and about freedom and opportunity in the American economy.
“The rich don’t pay their fair share,” “the deck is stacked against you,” and “the middle class is being squeezed,” they tell the nation they have been leading. But the truth is just the opposite. The latest, official, U.S. government data for 2014 shows that “the rich” pay far more than their fair share of federal income taxes. That is most recently demonstrated in a report from the Tax Policy Center, which is a project of two liberal organizations, the Urban Institute and the Brookings Institution.