Democrats Have Increased Taxes by $670 Billion and Counting…

List Includes 14 Tax Hikes Totaling Over $316 Billion on Middle Class Families.

Since January of 2009, President Obama and Congressional Democrats have enacted into law gross tax increases totaling more than $670 billion, or more than $2,100 for every man, woman and child in the United States. The list of tax increases includes at least 14 violations of the President’s pledge not to raise taxes on Americans earning less than $200,000 for singles and $250,000 for married couples.



TAX INCREASES ENACTED

•New tax on individuals who do not purchase government approved health insurance

•New tax on employers who fail to fully comply with government health insurance mandates*

•New 40% excise tax on certain high cost health plans *

•New ban on the purchase of over the counter drugs using funds from FSAs, HSAs and HRAs*

•Increase the Medicare tax on wages and self employment income by 0.9% and impose a new 3.8% surtax on certain investment income (for individuals over $200,000 and couples over $250,000)

•Increase, from 7.5% to 10% of income, the threshold after which individuals can deduct out of pocket medical expenses*

•Impose a new $2,500 annual cap on FSA contributions *

•New annual tax on health insurance *

•New annual tax on brand name pharmaceuticals *

•New 2.3% excise tax on certain medical devices *

•New 10% tax on indoor UV tanning services *

•New tax on insured and self insured health plans *

•Double the penalty for non qualified HSA distributions *

•Eliminate the deduction for expenses allocable to Medicare Part D subsidy

•Limit the deduction for compensation to officers, employees and directors of certain health insurance providers

•Require information reporting on payments to corporations

•Impose additional requirements for section 501(c)(3) hospitals

•Make “black liquor” ineligible for cellulosic biofuel producer credit

•Codify economic substance doctrine and impose penalties for underpayments

•Tobacco tax increase and expanded enforcement authority*

•Repeal guidance allowing certain taxpayers to claim losses of an acquired corporation

•Federal Unemployment surtaxes extended through June 2011 *

•Delay of rules to reduce the double taxation of worldwide American employers until 2018 (worldwide interest allocation)

•Delay of rules to reduce the double taxation of worldwide American employers until 2021 (worldwide interest allocation)

TOTAL = $670.341 BILLION AND COUNTING…

*VIOLATES PRESIDENT’S PLEDGE TO NOT INCREASE TAXES ON MIDDLE CLASS

Click here to see a breakdown of the numbers from the U.S. House Ways and Means Committee

Now it's the established Repubs who want to be like Ron Paul

Brad Jackson of the New Ledger responds as if the latest Rasmussen Poll showing Texas Congressman Ron Paul would give President Obama a run for his money in a general election is a surprise. A quick look at Paul's history both as a Congressman and a Presidential candidate show he was TEA Party when TEA Party wasn't cool.

Paul already had a band of unlikely allies in his run for the Presidency in 2008 that included Conservatice Republicans, disenchanted Democrats and Libertarians who just want to be left the hell alone. Those three groups are what now make up the core of the TEA Party movement.

Jackson's referral to Paul as looney doesn't seem to take into account that the "ole' bird" has led the fight for some pretty popular TEA Party type legislation in the Fed Audit Bill, or ideas of smaller government, less intrusion in our lives, better monetary policy, and bringing an end to world interventionism. He doesn't seem to take into account that it is the Republicans that have moved toward Paul's message, a message that has been far more consistent for not just years, but decades.

Ron Paul and Obama Neck and Neck in Rasmussen Poll

by Brad Jackson

No, this is not a joke. A new Rasmussen poll shows that in a race between Barack Obama and perennial GOP presidential hopeful Ron Paul, that the nutty Texas Congressman would come within one point of the current President. According to Rasmussen, “42% of likely voters would vote for Obama and 41% would vote for Paul. This, despite the fact that Paul gets lower support from Republicans (66%) than Obama does from Democrats (79%).”

That’s right, Obama and RON PAUL would be practically tied. Now of course, Ron Paul will not be the GOP nominee, but this has to look bad if your in Camp Obama and surveying 2012. If you’re neck and neck with the local looney, God knows how you’ll fair against a serious contender.

Rasmussen also says that within the Political Class, the Paul/Obama matchup would be a blowout. While 58% of Mainstream voters favor Paul, 95% of the Political Class vote for Obama. However, it is that very "Political Class" that is on the outs with mainstream voters, and why Republicans are on the outside trying to fight their way into the TEA Party movement.

Mainstream voters numbers have grown, and they have grown weary of the pendulum. Memories of George W. Bush's spendthrift bailouts are still fresh. So, it is Republicans trying to convince the TEA Party movers and shakers that they are, well . . . more like Paul.