3 Trillion Reasons Not to Raise Taxes Again

Do you know how much President Obama has raised taxes?

Oh, by about $3 trillion.

In a new paper, Heritage expert Curtis Dubay reminds us:

President Obama has already raised taxes substantially twice—first as part of Obamacare and then as part of the “fiscal cliff” deal earlier this year. Together, those increases raised taxes by more than $1.3 trillion over 10 years. Including the payroll tax increase that was also part of the fiscal cliff deal, taxes have risen by almost $3 trillion during President Obama’s tenure.

That’s right: Taxes have risen by almost $3 trillion during President Obama’s tenure.

>>> See the 13 tax increases just in 2013

Today, a special congressional committee will meet to start hashing out what the next budget could look like—and members of this committee will face a lot of pressure to raise taxes again.

They should not.

Via: The Foundry

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