Gross Tax Cuts Enacted

Gross Tax Hikes Enacted

1. S-CHIP (H.R. 2)
http://jct.gov/publications.html?func=startdown&id=1234

-No tax relief

S-CHIP Subtotal: $0

2. “Stimulus” (H.R. 1)
http://jct.gov/publications.html?func=startdown&id=1172

-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

“Stimulus” Subtotal: $217.6 billion

(fyi: total “Stimulus” spending: $581 billion:
http://www.cbo.gov/ftpdocs/99xx/doc9989/hr1conference.pdf )

3. Obamacare (H.R. 3590/H.R. 4872)
http://jct.gov/publications.html?func=startdown&id=3672

-Exchange Credit: $107 billion
-Small Business Credit: $37 billion

Obamacare Subtotal: $144 billion

4. Small Business (H.R. 5297)
http://jct.gov/publications.html?func=startdown&id=3708

-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)
http://jct.gov/publications.html?func=startdown&id=1234

-Tobacco tax hike: $65.5 billion

S-CHIP Tax Hike Subtotal: $65.5 billion

2. “Stimulus” (H.R. 1)
http://jct.gov/publications.html?func=startdown&id=1172

-No tax hikes

“Stimulus” Tax Hike Subtotal: $0

3. Obamacare (H.R. 3590/H.R. 4872)
http://jct.gov/publications.html?func=startdown&id=3672

-Individual/Employer Mandate: $65 billion

-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
-Tanning Salon Tax: $2.7 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)
http://jct.gov/publications.html?func=startdown&id=3708

-Homeowner Paperwork Tax: $2.5 billion

-“Tax Gap”: $5.5 billion
*N.B. some other “tax hikes” were accidental effects of long-term tax relief and not scored

Small Business Tax Hike Subtotal: $8 billion

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)