Tags: Fox News | Obama | 442 | tax | increases | proposed

ATR Analysis: Obama Has Proposed 442 Tax Hikes

By Cathy Burke   |   Monday, 14 Apr 2014 11:21 PM

President Barack Obama has proposed 442 tax increases since taking office, says an analysis by the anti-tax group Americans for Tax Reform.

The analysis of White House budgets for fiscal years 2010 through 2015, released Monday, didn't include 20 tax hikes that were signed into law after passage of the Affordable Care Act, the taxpayers' advocacy group said.

"History tells us what Obama was able to do," said Grover Norquist, president of the anti-tax group. "This list reminds us of what Obama wanted to do."

In a breakdown provided by the group, there were 79 tax-hike proposals for fiscal year 2010, 52 for 2011, 47 for 2012, 34 for 2013, 137 for 2014, and 93 for 2015.

In addition to the tax hikes he has proposed, Obama has made it clear that "he is open to other broad-based tax increases," Norquist said, noting Obama's support of a possible soda tax in an interview with Men’s Health in 2009 and a "European-style value-added tax" during a CNBC interview in 2010.

The VAT is a sales tax that's charged at each stage in the development of a product instead of when it's sold.

“Presidents are judged by history based on what they did in power," Norquist said. "But presidents can only enact laws when the Congress agrees," he said, adding that "a record forged by such compromise tells you what a president -- limited by Congress -- did rather than what he wanted to do.”

Related Stories:

© 2015 Newsmax. All rights reserved.

1Like our page
2Share
Newsfront
President Barack Obama has proposed 442 tax increases since taking office, says an analysis by the anti-tax group Americans for Tax Reform.
Obama, 442, tax, increases, proposed
262
2014-21-14
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved