WSJ calls on McCain to wake the F up over Obama's 95% tax cut crap!

One of Barack Obama’s most potent campaign claims is
that he’ll cut taxes for no less than 95% of “working families.” He’s
even promising to cut taxes enough that the government’s tax share of
GDP will be no more than 18.2% — which is lower than it is today.

It’s a clever pitch, because it lets him pose as a middle-class tax
cutter while disguising that he’s also proposing one of the largest tax
increases ever on the other 5%. But how does he conjure this miracle,
especially since more than a third of all Americans already pay no
income taxes at all? There are several sleights of hand, but the most
creative is to redefine the meaning of “tax cut.”

For the Obama Democrats, a tax cut is no longer letting you keep
more of what you earn. In their lexicon, a tax cut includes tens of
billions of dollars in government handouts that are disguised by the
phrase “tax credit.” Mr. Obama is proposing to create or expand no
fewer than seven such credits for individuals[.]