Obama wants to cut taxes

Discussion in 'Election Forums' started by Quantum Windbag, Oct 27, 2012.

  1. Quantum Windbag
    Offline

    Quantum Windbag Gold Member

    Joined:
    May 9, 2010
    Messages:
    58,308
    Thanks Received:
    5,014
    Trophy Points:
    245
    Ratings:
    +5,221
    Why am I not surprised?

    White House considering new tax cut - The Washington Post
     
  2. Warrior102
    Offline

    Warrior102 Gold Member

    Joined:
    May 22, 2011
    Messages:
    16,554
    Thanks Received:
    4,019
    Trophy Points:
    183
    Ratings:
    +4,029
    Libberhoids last gasp
     
  3. alan1
    Offline

    alan1 USMB Mod Staff Member Supporting Member

    Joined:
    Dec 13, 2008
    Messages:
    18,845
    Thanks Received:
    3,577
    Trophy Points:
    245
    Location:
    Shoveling the ashes
    Ratings:
    +3,769
    Maybe he can start by cutting the taxes he already signed into law. Here is 21 of his tax increases.

    1. A 156 percent increase in the federal excise tax on tobacco

    2. Individual Mandate Excise Tax (takes effect in Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax
    3. Employer Mandate Tax (takes effect Jan. 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees.

    4. Surtax on Investment Income (Tax hike of $123 billion/takes effect Jan. 2013):
    5. Excise Tax on Comprehensive Health Insurance Plans (Tax hike of $32 bil/takes effect Jan. 2018)

    6. Hike in Medicare Payroll Tax (Tax hike of $86.8 bil/takes effect Jan. 2013

    7. Medicine Cabinet Tax (Tax hike of $5 bil/took effect Jan. 2011)
    8. HSA Withdrawal Tax Hike (Tax hike of $1.4 bil/took effect Jan. 2011

    9. Flexible Spending Account Cap – aka “Special Needs Kids Tax” (Tax hike of $13 bil/takes effect Jan. 2013
    10. Tax on Medical Device Manufacturers (Tax hike of $20 bil/takes effect Jan. 2013)

    11. "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI (Tax hike of $15.2 bil/takes effect Jan. 2013)
    12. Tax on Indoor Tanning Services (Tax hike of $2.7 billion/took effect July 2010)

    13. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D (Tax hike of $4.5 bil/takes effect Jan. 2013)

    14. Blue Cross/Blue Shield Tax Hike (Tax hike of $0.4 bil/took effect Jan. 1 2010)

    15. Excise Tax on Charitable Hospitals (Min$/took effect immediately)
    16. Tax on Innovator Drug Companies (Tax hike of $22.2 bil/took effect Jan. 2011)

    17. Tax on Health Insurers (Tax hike of $60.1 bil/takes effect Jan. 2014)
    18. $500,000 Annual Executive Compensation Limit for Health Insurance Executives (Tax hike of $0.6 bil/takes effect Jan 2013)

    19. Employer Reporting of Insurance on W-2 ($min/takes effect Jan. 2012)
    20. “Black liquor” tax hike (Tax hike of $23.6 billion/took effect immediately).

    21. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion/took effect immediately).
     

Share This Page