BUSINESS
09/30/2010 04:27 pm ET | Updated May 25, 2011

Austan Goolsbee Trashes GOP Tax Plan Using White Board (VIDEO)

Austan Goolsbee, the new chairman of the White House's Council of Economic Advisers, is the star of a new video which outlines the administration's view on the increasingly contentious tax cut debate. In the first edition of the "White House White Board," Goolsbee borrows a page from the graphical presentation styles of NPR and even, it seems, from Glenn Beck.

From Goolsbee's presentation:

"Obama's [tax plan] would preserve a couple thousand dollars per year for virtually all Americans. And even for people who make a lot they get to keep the tax cut on the first $250,000 of their income. Under the Republican plan however, people making over $1 million per year are going to be getting a tax cut of more than $100,000. That's expensive..."

On the White House's blog, Jesse Lee added this talking point: "We simply can't afford to give the wealthiest Americans these big tax cuts that would add to our deficit and, according to the non-partisan Congressional Budget Office, be just about the least effective way to grow our economy and help create jobs."

WATCH the video: