ARRA News Service: Barrage of Obamacare Tax Hikes Coming in 2013

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Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Sunday, September 30, 2012

Barrage of Obamacare Tax Hikes Coming in 2013

Obamacare's Barrage of Tax Hikes

Rob Bluey, Heritage Investigates: The first presidential debate takes place in Denver on Wednesday with a focus on domestic issues, including President Obama’s unpopular health-care law. Obamacare imposes numerous tax increases on Americans, totaling more than $500 billion over a 10-year period.

According to Heritage’s analysis, these higher tax rates on income and investment threaten to slow economic growth. With so much uncertainty already stemming from Taxmageddon, this only adds to the concerns of American families and businesses.

One of the most alarming taxes — a new payroll tax on investment income — goes into effect in January 2013. It was cited by Americans for Tax Reform as one of the “top five worst Obamacare taxes coming in 2013.”

More charts like the one in this article are available in Heritage’s Federal Budget in Pictures.

Tags: Americans for Tax Reform, federal budget in pictures, Obamacare, Presidential Debate, tax increases To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!

Posted by Bill Smith at 2:21 PM - Post Link

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