Many members of the other party believe that because it’s true. “Trickle-down” isn’t an economic theory; it’s an inescapable economic fact. When the top of the economic heap experiences prosperity and growth, it doesn’t hoard its capital. Everyone stands to benefit. Conversely, when the top of the economic heap experiences pain, as it has in Obama’s economy and as it will to a greater extent in the higher-tax economy Obama proposes, everyone stands to suffer. …

The federal deficit is approaching $16 trillion. Obama’s proposal, with its $250,000-a-year earnings cutoff, would raise $70 billion a year in revenue for the federal government. That’s about half of what it will take to pay for the additional spending Obamacare will require, if it’s allowed to stand. Anything Obama says about deficit reduction is a poorly delivered joke. …

And here’s a news flash: A host of new and direct government-related costs, including but certainly not limited to Obamacare, are aimed straight at the middle class. They’ll be followed by a slew of indirect costs, as businesses pass higher taxes, fees, etc., along to consumers.