Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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ATR Urges Virginia Candidates to Support Repeal of Gov. McDonnell's Tax Hike: http://t.co/8ENkqOlelO
May 19, 2013 05:00 PM
taxreformer -
The incompetent IRS is clearly unfit to handle these new #Obamacare tax hikes: http://t.co/lyzThNil3N
May 19, 2013 03:00 PM
taxreformer -
Yes, this town actually banned styrofoam: http://t.co/Upjes6JZ2L
May 19, 2013 02:30 PM
taxreformer -
Nobody likes red tape. Thankfully, @RepGarrett is taking steps to cut it: http://t.co/dAMtRAWokI
May 19, 2013 02:00 PM
taxreformer -
Giving the IRS more authority sounds lovely, doesn't it?: http://t.co/Y3QQhdVmYX
May 19, 2013 01:30 PM
taxreformer -
State Dept. on approving #KeystoneXL and creating jobs: "Ain't nobody got time for that!" http://t.co/xWYHWYGxkm
May 19, 2013 01:00 PM
taxreformer -
Gov. Bob McDonnell Signs Largest Tax Hike in Virginia History into Law: http://t.co/8ENkqOlelO #BobsForTaxes
May 19, 2013 12:30 PM
taxreformer -
Local government uses junk science to justify styrofoam ban: http://t.co/Upjes6JZ2L
May 19, 2013 12:00 PM
taxreformer -
Top 5 #Obamacare tax hikes that violate Obama's middle-class tax pledge: http://t.co/lyzThNil3N
May 19, 2013 11:30 AM
taxreformer -
Banning styrofoam would have negative consequences for small businesses and consumers: http://t.co/Upjes6JZ2L
May 18, 2013 05:00 PM
taxreformer
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It's Official: Obamacare Is a $1 Trillion Net Tax Hike
CBO's new score of Obamacare shows that it is a net tax hike of $1 trillion over the next decade.
The Congressional Budget Office (CBO) today came out with new scores for Obamacare. The big statistic that caught our eye was that Obamacare is now officially a $1 trillion net tax increase.
The reason this number is bigger than in the past is because the gimmicks of that law are now running out. Tax hikes were scheduled to start several years after the passage of the bill, creating many "zero" years on a ten-year score. Well, it;'s been several years, so the window dressing chickens are coming home to roost.
In Table 2 of CBO's analysis of repealing Obamacare, they clearly point out how Obamacare is a net tax increase of $1 trillion (to the penny). If one were to remove the rest of the "zero" years, the net number would be more like $1.1 trillion.
ATR has consistently cataloged all 20 new or higher taxes in the President's healthcare law. Now CBO confirms what we have suspected all along--this is one of the largest tax hikes in U.S. history. When fully phased-in, it should permanently raise net taxes by about two-thirds of a percent of GDP.
Posted by Ryan Ellis 
on Tuesday, July 24, 2012 3:29 PM EDT
on Tuesday, July 24, 2012 3:29 PM EDTTo follow Ryan Ellis's RSS feed click here. To follow them on Twitter, their handle is @ryanlellis
