Tax Group: Obama's $4 Trillion Tax Increase

Americans for Tax Reform estimate an increase of $4,000 per household.

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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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