Tax Hikes For All!

• Raise the top income tax rates from their current 33 percent and 35 percent rates to 36 percent and 39.6 percent in 2011
• Limit itemized deductions for people paying high rates
• Increase capital gains and dividend taxes by 33 percent for people paying high income tax rates
• Impose a value-added tax (VAT) on all goods and services
• Raise the Social Security tax by lifting the cap
• Raise a variety of business taxes by $353 billion over 10 years, including repeal of LIFO rules, restoring Superfund taxes, seven tax increases on energy companies, and more
• Tax employer-provided health benefits
• Implement a cap-and-trade system for emissions permits, the functional equivalent of a massive new tax
• Tax drivers on their mileage

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