Monday, September 19, 2011

$1,500,000,000,000 IN NEW TAXES - $3 in tax hikes for every $1 in spending cuts

Obama to propose $1.5 trillion in new tax revenue - AP via Drudge
Time for an invervention, Obama’s on a tax hike bender - Le·gal In·sur·rec·tion

Five days ago Obama unveiled a “jobs plan” which included tax hikes of $467 billion, $400 billion of which were on individuals making $200,000 (and couples making $250,000).

Tomorrow Obama will unveil a “deficit reduction plan” which will include $1.5 trillion in new taxes including an extra tax on people making $1 million or more.

In 6 days, Obama will have proposed over $2 trillion (that trillion with a ”t”) in new taxes, above and beyond what we already pay.

Stocks Skid 2%, All Dow 30 Components Fall CNBC
$3 in tax hikes for every $1 in spending cuts... - Washington Times
Obama’s Magic Math for Savings and Call for $1.5 Trillion in New Taxes - RedState