Thursday, January 03, 2013

Crony Capitalist Blowout : A tax increase for everyone but the favored wealthy few.

The Wall Street Journal reports:
In praising Congress's huge new tax increase, President Obama said Tuesday that "millionaires and billionaires" will finally "pay their fair share." That is, unless you are a Nascar track owner, a wind-energy company or the owners of StarKist Tuna, among many others who managed to get their taxes reduced in Congress's New Year celebration.
Rent-seeking gone wild.