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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
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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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
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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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
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@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
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"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
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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
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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Does President Obama Want the Clinton-Era Tax Rates? No.
The President has repeatedly argued that he wants “to go back to the tax rates under Clinton.” But is that really the case?
Today, the President held his first press conference since being elected to a second term. President Obama was given the opportunity to come clean on the size of the tax hike he wants on small business employers when MSNBC White House Correspondent Chuck Todd asked him:
“Are you -- is there no deal at the end of the year if tax rates for the top 2 percent aren't the Clinton tax rates, period, no if, ands or buts? Any room in negotiating on that specific aspect of the fiscal cliff?”
The President has repeatedly argued that he wants “to go back to the tax rates under Clinton.” However, because of the 3.8 percent surtax on investment income in his health care law, President Obama actually wants rates to be above where they were under Clinton. In fact, President Obama’s health care law is a $123 billion tax hike on investment income, a tax increase that will land on top of the majority of small businesses that are already facing higher income tax rates under the Obama tax plan.
| Capital Gains | Dividends | |
| Clinton-era rates | 20.0% | 39.6% |
| 2012 | 15% | 15% |
| 2013+ (current law) | 23.8% | 43.4% |
While the President dodged answering the question in the press conference today, the correct answer would be “no.” President Obama doesn’t want taxes to go back to the level they were in the Clinton-era. He wants them to be higher.
Posted by Mattie Duppler 
on Wednesday, November 14, 2012 3:32 PM EST
on Wednesday, November 14, 2012 3:32 PM ESTTo follow Mattie Duppler's RSS feed click here. To follow them on Twitter, their handle is @MDuppler
