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Chart of the Week: Obamacare’s Barrage of Tax Hikes Coming in 2013
Posted By Rob Bluey On September 30, 2012 @ 9:51 am In Health Care,Scribe | 5 Comments
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 this one are available in Heritage’s Federal Budget in Pictures .
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/09/30/chart-of-the-week-obamacares-barrage-of-tax-hikes-coming-in-2013/
URLs in this post:
 focus on domestic issues: http://www.debates.org/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=38&cntnt01origid=27&cntnt01detailtemplate=newspage&cntnt01returnid=80
 Taxmageddon: http://www.heritage.org/issues/taxes/taxmageddon
 top five worst Obamacare taxes coming in 2013: http://www.atr.org/five-worst-obamacare-taxes-coming-a7217
 Federal Budget in Pictures: http://www.heritage.org/federalbudget/
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