Tuesday, July 12, 2011

B.H.O. wants $1 trillion in taxes on top of what he's already signed..

 1 TRILLION DOLLARS IN  NEW TAXES ! ! !

House Speaker John Boehner wants to reduce the deficit by 4 TRILLION DOLLARS over ten years and B.H.O. wants 1 TRILLION dollars in tax's on top of the money he's all ready spent.

Now we have a stalemate.

I wonder why ?

To top it off he wants these tax increases with a promise he will promise tax reform at a later date.

I hope the GOP, EVEN THE RHINOS, don't fall for this boondoggle. According to the Wall Street Journal, B.H.O. has already signed the largest tax increase since 1993.

 While everyone focuses on the Bush tax rates that expire after 2012, other tax increases are already set to hit the economy thanks to the 2010 Affordable Care Act. As a refresher, here's a non-exhaustive list of Obama Care's tax increases:

 *The WSJ writes that in 2013, the bill adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.

*This will cost Taxpayers over 10 years: $210 billion.

*Starting in 2013 is a 2.3% excise tax on medical device manufacturers and importers. That's estimated to raise $20 billion.

 *Already underway this year is, is a gift to the tax payers, the new annual fee on "branded" drug makers and importers, which will raise $27 billion.

 *Another $15.2 billion will come from raising the floor on allowable medical deductions to 10% of adjusted gross income from 7.5%., all at the taxpayers expense.

 *Starting in 2018, the bill imposes a whopping 40% "excise tax" for the taxpayers on high-cost health insurance plans. Though it only applies to two years in the 2010-2019 window of ObamaCare's original budget score, this tax would still raise $32 billion—and much more in future years.

  *A new annual fee on health insurance providers starting in 2014 and estimated to raise $60 billion. This tax, like many others on this list, will be passed along to consumers in higher health-care costs.

This is just a partial list of new taxes we can look foward to. And it must be stopped if this Country has any chance of surviving B.H.O.'S ANTI-AMERICAN AGENDA ! ! !

Yours in Liberty ! ! !

Bob Yeager

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