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ATR’s @MDuppler explains why the IRS’ actions were more than just a “mistake” on @DailyRundown: http://t.co/jJhxG3FmnN
May 23, 2013 05:01 PM
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House Approves Keystone Again http://t.co/BEoBEG9lhe
May 23, 2013 02:31 PM
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“States are using fuzzy numbers to talk about how much they could collect from remote sales”: http://t.co/0EccRdHJT9 #NoNetTax
May 23, 2013 02:30 PM
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Best and worst states for economic outlook in the @ALEC_States “Rich States, Poor States” report: http://t.co/2tTAgSabuD #rsps
May 23, 2013 02:01 PM
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Do we really want state revenue departments with authority as limitless as the Internet?: http://t.co/gEmygwW0CU #NoNetTax
May 23, 2013 01:31 PM
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If the IRS scandal “was a mistake, what are the institutional problems that led to that?” -@MDuppler: http://t.co/jJhxG3FmnN
May 23, 2013 01:01 PM
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New @ALEC_States report predicts population migration to low-tax states: http://t.co/2tTAgSabuD #rsps
May 23, 2013 12:30 PM
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Check out @ALEC_States’ newest edition of “Rich States, Poor States” and see where your state ranks for 2013: http://t.co/2tTAgSabuD #rsps
May 23, 2013 11:30 AM
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On @DailyRundown, ATR’s @MDuppler links the IRS scandal to the public’s skepticism of government: http://t.co/jJhxG3FmnN
May 23, 2013 11:02 AM
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ATR urges @LonnieHosey, @GarySimrill, @Leonstav, and @Harry_Ott to reject tax hikes on e-cigs: http://t.co/uZahYOqg6W
May 22, 2013 01:20 PM
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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
