Video: Biden Admits That Obama Wants to Jack Taxes by $1 Trillion

While campaigning in Iowa yesterday, Biden admitted that he and Obama want to raise taxes by a trillion dollars.

He claims that the increase will come from expiring Bush tax cuts.

This is the first time we can find that the Obama team has honestly called the expiration of the Bush tax cuts a tax increase. Obviously, Biden went off script again.

Of course, to suggest that this trillion dollar tax hike is only borne by the wealthy is blatantly dishonest. A recent study shows that the middle class will be directly impacted, too.