Three years in office, twenty-one tax hikes
Americans For Tax Reform
Since taking office three years ago, President Barack Obama has signed into law twenty-one new or higher taxes on the American people:
1. A 156 percent increase in the federal excise tax on tobacco: On February 4, 2009, just sixteen days into his Administration, Obama signed into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack. The median income of smokers is just over $36,000 per year.
2. Obamacare Individual Mandate Excise Tax (takes effect in Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following...
To read the rest and to view the charts click here:
http://www.atr.org/comprehensive-list-obama-tax-increases-a6694
Read more: http://www.atr.org/comprehensive-list-obama-tax-increases-a6694#ixzz1kUl3jP5M
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