With 2014 Tax Day upon us last week I was curious about the total amount of tax proposals since President Obama has been Commander in Chief. They were as follows:
79 tax increases for Fiscal Year 2010.
52 tax increases for 2011.
47 tax increases for 2012.
34 tax increases for 2013.
137 tax increases for 2014.
93 tax increases for 2015.
The President tried to pass through 442 tax increases since he took office in 2009. Most of these taxes were not successful thanks to opposition by Republican members of congress.
The Anti-tax Americans for Tax Reform has reviewed all of President Obama’s tax proposals since taking office in 2009, including his 93 new tax proposals for the fiscal budget of 2015.
And according to a Bloomberg article written shortly after past April 15, the tax budget the President has put forth for 2015 will increase taxes by 1.4 trillion dollars over the next ten years. The Congressional Budget office confirmed that if this budget is implemented it will result in a disastrous $446 Billion dollar spending increase ending in 2024.
When it pertains to taxes and the infamous debacle known as Obamacare, twenty new taxes have already been signed into law and according to the calculations done by the Americans for Tax Reform.
The net tax hike over the next decade is at least $1 trillion. Bloomberg News says that it is doubtful Congress will sign off on the President’s budget plan because the House, Senate, and the President himself have “agreed to a deal on top-line spending for the next fiscal year.”
And let us not forget one of the first major taxes he imposed on his sixteenth day as the top dog. The first week in April of 2009 the tax on a single pack of cigarettes went from .39cents to $1.01. In 2015 the tax is expected to go from $1.01 to $1.95. I have never been a smoker, but this seems much more than unfair.
During an interview with Men’s Health in 2009, when asked about the idea of national tax on soda and sugary drinks, the president said, “I actually think it’s an idea that we should be exploring.”
Where is the line to be drawn or does a line even exist that President Obama will not cross? Whether it is coming clean about the dead Americans in Benghazi to staying out of the family refrigerator, he has the wrong idea of how to be a leader.
And for fact, whether President Obama has raised taxes more than any other President or not, I know one thing, this guy has won the blue ribbon in more areas that no President wants to win.
Trending Now on Politichicks
Sorry. No data so far.