Where Is President Obama Hiding His Tax Hikes?

[Draggingtree]

The Heritage:

 

 

 

 

Where Is President Obama Hiding His Tax Hikes?

 

EXCLUSIVE: It could be said that President Obama has never seen a tax hike he doesn't like — whether it's letting the 2001 and 2003 tax cuts expire, insisting on higher taxes for job creators, and this week calling on Congress to raise taxes on the oil industry. But as much as the President wants to raise taxes, Heritage has discovered that there are even more tax hikes hidden in his budget, adding up to a total of $2 trillion in higher taxes.

But wait, there’s even more.

On top of the $128 billion in hidden taxes, the President takes credit for tax cuts when he really doesn’t deserve it. Dubay reports that the budget includes $317 billion in pre-existing tax cutting policies, including the payroll tax holiday ($31 billion), the American Opportunity Tax Credit ($137 billion), the Research and Experimentation Credit ($109 billion), the group of tax-reducing policies known as the “tax extenders” ($34 billion), along with a handful of other provisions totaling $6 billion — even though these policies were already part of the tax code. In other words, the President wants to get all the credit, while dodging the blame.