THE INTERNET TAX MORATORIUM EXPIRATION

COUNTDOWN

Tell the Senate
to Make the
Moratorium
Permanent.
Click Here to Sign the Petition Before It's Too Late.
00
DAYS
00
HOURS
00
MINUTES
00
SECONDS

5 Important Numbers on Obama


Posted by Justin Sykes on Monday, August 13th, 2012, 4:03 PM PERMALINK


Following Governor Romney's announcement that Rep. Paul Ryan would be his running mate, President Obama has been on the offensive, attacking Gov. Romney and Rep. Ryan on healthcare. The Obama White House has gone so far as to outline 5 Important Numbers on Health Reform on its website. The 5 numbers referenced by President Obama are misleading and ignore the 5 numbers which truly characterize the Obama Administration:

  1. $500 Billion in Tax Increases
  2. $62 Billion in New Regulations
    • $46 Billion  in new regulations since President Obama took office.
    • $16 Billion  in new regulations in 2012 thus far.
  3. 8% Unemployment
    • America is experiencing the longest period of unemployment above 8% since the Great Depression under President Obama.
  4. 11 Hours - The Buffet Rule
    • Gov. Romney's statement that the revenue raised by the Buffet Rule would "pay for 11 hours of government."
    • The fiscal year 2013 federal budget is projected to have $3.803 trillion in outlays. So, dividing $5 billion into that figure, you end up with the Buffet Rule covering 0.131% of the budget.
    • There are 8,760 hours in a year, that works out to just over 11 hours.
  5. 7 Tax Hikes on under $250,000-A-Year-Earners:
Obamacare's 7 Tax Hikes On Under $250,000-A-Year Earners
Obamacare Tax Hike Effective Start Date
1. The Indoor Tanning Services Tax July 1, 2010                                       
2. Health Savings Account Withdrawal Penalty Jan. 1, 2011
3. The Over-The-Counter Drugs Trap Jan. 1, 2011
4. The Medical Itemized Deduction Hurdle Jan. 1, 2013
5. The Healthcare Flexible Spending Account Cap Jan. 1, 2013                                             
6. The Individual Mandate Excise Tax Jan. 1, 2014
7. The Cadillac Health Insurance Plan Tax Jan. 1, 2018

 Ebeling, Ashlea, Forbes Staff - "Obamacare's 7 Tax Hikes On Under $250,000-A-Year Earners".

 

 

More from Americans for Tax Reform

hidden