13 Tax Increases in 2013

[Valin]

The Foundry:

Curtis Dubay

January 8, 2013

 

New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in.

 

The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases.

 

Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day.

 

13 Tax Increases That Started January 1, 2013

 

(Snip)

 

Each of these 13 tax increases will slow the economy, meaning that businesses will create fewer jobs. Fewer jobs will make it even more difficult to land a job than it already is for the more than 12 million Americans looking for work.

 

President Obama demanded these higher taxes. Obama’s tax increases, in Obamacare and through the fiscal cliff deal, will not curb deficits and debt, because growing spending is driving America’s budget crisis. Congress needs to immediately turn its attention to the actual cause of our deficit and debt problem: too much spending. The proper way to address this problem is through reforms to entitlement programs.

 

 

 

 

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It appears Obama's idea of balance is more spending balanced by higher taxes.