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Trillion Dollar Tax Hike Hidden in Fiscal Cliff
Quote:According to Americans for Tax Reform, there is a $1 trillion tax hike hidden in the fiscal cliff that has been kept under the radar.

The Congressional Budget Office estimates new or higher ObamaCare taxes will total a net $1 trillion over the next ten years starting in 2013.

The taxes are permanent due to being written into the legislation and come in the form of a medical device tax, surtax on investment income, an increase in the Medicare payroll tax rate, the medical itemized deduction "haircut" tax, employer and individual mandate non-compliance tax and more.

The numbers below are part of a report that was sent to Speaker John Boehner back in July 2012 about the cost of repealing ObamaCare.

If President Obama's latest fiscal cliff proposal is passed, this $1 trillion tax hike will be added to Obama's newly proposed $1.6 trillion tax hike over the next ten years.

[Image: Screenshot2012-12-06at20822PM.png]
It's the "BILL OF RIGHTS" not the bill of "needs"
Ho ho. O is for the middle class, just ask him
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
Pocketprotector;50227 Wrote:Ho ho. O is for the middle class, just ask him dare you middlefinger.....running down our president...Tongue
"The colors, the colors. Has anybody seen my good friend John?" Then he lit up a banana and he hung up.

Al Bundy.

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