Obama’s claim of having passed the “biggest middle-class tax cut in history” is ridiculous. He might have been on more solid ground if he had claimed the “broadest” tax cut, but that doesn’t sound very historic.

We went back and forth over whether this was a three or four Pinocchio violation, until we found evidence that Obama knew he was saying a whopper. Here’s how he put it in his 2010 State of the Union speech: “We cut taxes for 95 percent of working families.” That phrasing, at least, would not have been so misleading.

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