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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer -
.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
taxreformer -
"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
taxreformer -
Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
taxreformer -
The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
taxreformer
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PrintFinal Tally: 111th Congress Obama and Democrat Congress Enacted $352 Billion in Net Tax Hikes
Most Tax Hikes were Permanent, Most Tax Cuts were Temporary
Seven Dollars of Permanent Tax Hikes for Every Dollar of Permanent Tax Cuts
[PD
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1. S-CHIP (H.R. 2) -No tax relief S-CHIP Subtotal: $0
2. “Stimulus” (H.R. 1) -Making Work Pay: $79 billion -Education Tax Cuts: $10 billion -First Time Homebuyer: $4.7 billion -Unemployment Exclusion $4.7 billion -Car Sales Tax Deduction $1.7 billion -AMT Patch $69.8 billion -Energy Tax Cuts $20 billion -Business Tax Cuts $6.2 billion -Manufacturing Bonds $1.9 billion
-Shovel Ready $19.6 billion
(fyi: total “Stimulus” spending: $581 billion:
3. Obamacare (H.R. 3590/H.R. 4872)
-Exchange Credit: $107 billion Obamacare Subtotal: $144 billion
4. Small Business (H.R. 5297) -Small business expensing: $7.6 billion -Small business tax simplification: $2.4 billion -Other small business tax cuts: $2 billion Small Business Subtotal: $12 billion |
1. S-CHIP (H.R. 2)
-Tobacco tax hike: $65.5 billion
2. “Stimulus” (H.R. 1) -No tax hikes “Stimulus” Tax Hike Subtotal: $0
3. Obamacare (H.R. 3590/H.R. 4872)
-Cadillac Plan Excise Tax: $32 billion -Interactive Effects: $46 billion -HSA/FSA Taxes: $19.4 billion -Reinsurance/Risk Adj: $106 billion -Small Biz Paperwork Tax: $17.1 billion -Medical Itemized Ded. Tax: $15.2 billion
-Medicare/Investment Tax: $210.2 billion -Excise Taxes and Fees: $112.6 billion -Economic Substance/Misc. $26 billion Obamacare Tax Hike Subtotal: $652.2 billion
4. Small Business (H.R. 5297) -Homeowner Paperwork Tax: $2.5 billion
-“Tax Gap”: $5.5 billion Small Business Tax Hike Subtotal: $8 billion
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Total Gross Tax Cuts: $373.6 billion (only $107.6 of this amount is permanent) |
Total Gross Tax Hikes: $725.7 billion (the full amount - $725.7 billion, is permanent) |
TOTAL NET TAX HIKES THIS CONGRESS: $352 Billion
Click here for the printable PDF.
Posted by Will Upton 
on Wednesday, October 13, 2010 9:58 AM EDT
on Wednesday, October 13, 2010 9:58 AM EDTTo follow Will Upton's RSS feed click here. To follow them on Twitter, their handle is @wupton
