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Obama’s whopper of a claim on tax cuts
...We took an informal survey in our office and asked people what they thought the president’s statement meant. Everyone agreed he was claiming the biggest tax cut in terms of dollars.

Imagine our surprise when the White House responded that he wasn’t talking about dollars at all.

“The point the president was making that is there is not a tax cut that has been enjoyed by such a broad section of the population,” an administration official said, pointing to a report that said that 95 percent of working families received some kind of tax cut under the Making Work Pay provision in his stimulus bill.

Huh?

In other words, this isn’t about the size of the tax cut, but about the fact that every working family, except those making more than $190,000, received as much as $800 in tax cuts.

That strikes us as very odd way to claim “the biggest,” but maybe that’s because Obama can’t make that claim. We ran the numbers every which way, but the fairest over time is to look at the tax cut as a percentage of national income (Gross Domestic Product minus depreciation.)...