Get ready to pay higher taxes in 2011 thanks to Democrats in Washington. Starting January 1, 2011 – less than six months from now – an unprecedented, $3.8 trillion tax increase is scheduled to kick in, affecting every American who pays income taxes. This Democrat tax hike will force hard-working Americans to pay over $200 billion in higher taxes ...
Buried in the Democrats’ trillion dollar health care bill is another small business nightmare. Through an expanded tax filing requirement, Democrats slapped 40 million businesses, charities and other entities with burdensome new paperwork and increased compliance costs. The new rule, set to take effect in 2012, will require small businesses to file a 1099 tax form for every ...
This Sunday, on NBC’s Meet the Press, White House Press Secretary Robert Gibbs said that, "The President is not going to, at a time of economic crisis, raise taxes on the middle class... For middle class Americans, who have borne the brunt of this economic calamity, we're certainly not going to raise taxes on them."Too late. ...
NOTE: The deficit numbers cited above are from the Congressional Budget Office ...
Since Democrats introduced their latest version of H.R. 4213, “The American Jobs and Closing Tax Loopholes Act,” business leaders and organizations that represent millions of American businesses and their employees have voiced their opposition to the job-killing, deficit extending bill. These employers say that the legislation is anti-job growth, will place American ...
Question: What is the difference between adding $134 billion to the deficit (Democrats’ old “extenders” bill) and over $84 billion (Democrats’ new “extenders” bill) ? Answer: Just 15 days.That’s right, instead of hitting the Statutory Debt Limit on February 27, 2011 under the old bill, the reportedly ...
Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) today joined House Republican leaders at a press conference to discuss the over $670 billion in tax hikes Democrats have enacted into law since January 2009. The vast majority of those tax increases ...
Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) today released a list of tax increases totaling $670.341 billion that have been enacted into law under President Obama. The gross tax increases equate to more than $2,100 for every man, woman and ...
Ways and Means Ranking Member Dave Camp (R-MI) today released an analysis of major tax provisions passed by the Democrat-controlled House showing a net tax increase on American families and employers of at least $1.171 trillion over the next decade. The table below provides a ...
It’s been well-documented how PelosiCare would harm seniors and taxpayers. But what has not been discussed is how the bill would punish married couples. Consider this: The House Democrats’ health bill (H.R. 3962) would set the maximum health insurance premium amounts that low and moderate income individuals and married couples could pay ...