Skip to comments.Proposed Obama budget includes surge in tax hikes (Obama plans tax hikes for EVERYONE)
Posted on 02/14/2012 7:53:56 PM PST by tobyhill
President Obama's proposed 2013 budget contains a decade-long surge of tax hikes that, if approved, would affect everything from income to investment to inheritance.
The budget blueprint contains roughly $2 trillion in new taxes and fees. When other tax cuts and credits are counted, the net impact from the proposals is still about $1.5 trillion.
Though Republicans already are mounting a vigorous campaign against the proposal, many of the tax provisions still could become law unless Congress takes action to stop them.
But the budget also imposes various fees, such as a hike in the airline "security fee," as well as a $61 billion-over-10-years fee on financial institutions. The fee is called the "financial crisis responsibility fee," and is aimed at making sure taxpayers are compensated for the 2008 industry bailout.
(Excerpt) Read more at foxnews.com ...
And Republicans will no doubt take the blame.
All money rightfully belongs to the usurper.
Yep. Because Arbeitsziehungslager won’t kick in soon enough for the thefts. And be prepared for the stealth mandate thefts when Arbeitsziehungslager does fully kick in.
“making sure taxpayers are compensated for the 2008 industry bailout.”
BO needs to debit my account pronto.
If they don't block it, they deserve all the blame that is heaped on them.
The dynamic of the years that follow will be lower revenues every year thereafter. It’s a one time windfall.
One time windfall for government revenue, and continually diminishing returns for the American people.
America will probably come very close to being much like the movie “The Postman” where communities will gate up and barricade themselves from outsiders, especially anything from Federal rules.
We haven’t had an approved, sigend budget since the brown clown usurped the office of POTUS. Why should THIS one be any different?
Obama Budget Triggers Retirement Changes
something to make your breakfast curdle
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