Tax Group: Obama's $4 Trillion Tax Increase

July 20, 2009 RSS Feed Print

By Paul Bedard, Washington Whispers

Americans for Tax Reform doesn't like taxes or President Obama much. But even Obama fans might choke on the additional 10-year tax bill that the group tallied under the president's plans: $4 trillion. Americans for Tax Reform figures $2.3 trillion more if the Bush tax cuts are allowed to expire; $1 trillion from the cap-and-trade bill; and $722 billion for healthcare reform. It's roughly $4,000 per household, a ton more than Obama allies believe Americans will face but not as bad as some GOP warnings.

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