Tax Hikes

Obama’s Gimmicky Budget to Increase National Debt by $5.2 Trillion

Obama's Budget

Many on the Left are praising a new report from the Congressional Budget Office (CBO) showing that President Barack Obama’s budget, which was submitted two months late, would lower deficits by $1.1 trillion over the next 10 years:

President Obama’s most recent budget request would reduce borrowing by $1.1 trillion over the next decade compared with current law — almost entirely through higher taxes on the rich, large estates and smokers, congressional budget analysts said Friday.

In addition to raising nearly $1 trillion in new taxes, the president’s blueprint would also cut spending modestly, according to the analysis by the nonpartisan Congressional Budget Office.

So…more tax hikes, which seems to be the end-all, be-all for this White House. Remember, the $1 trillion in new taxes that President Obama wants would come after a tax hike earlier this year that raised taxes on 77% of American households.And President Obama wants to raise your taxes again.

Nearly Half of Small Businesses Believe ObamaCare will Hurt Them


The White House and leading congressional Democrats are still trying to fight back against critics of ObamaCare, but their specious case isn’t convincing skeptical small business owners. According to a recent survey from Gallup, only 9% believe that the law will help them, while 48% of small business owners believe ObamaCare is going to be bad for business:

To show how deep the concern over the law goes and the messaging problem before apologists of the law, only 13% of small business owners believe that ObamaCare will improve quality of healthcare., the official blog of the United States Chamber of Commerce, also points to a separate poll of business owners showing the confusion over ObamaCare and points to the fact that “41% said [of sma held off on hiring workers, and 38% said they’ve pulled back on growing their businesses because of the law.”

Boehner Surrenders on Spending Cuts

national debt

Washington is determined not to kick its spending habit. During his press conference yesterday, House Speaker John Boehner told reporters that “[w]e can’t cut our way to prosperity,” a line that has been used frequently by President Barack Obama. The comment prompted this tweet from Senate Majority Leader Harry Reid (D-NV)

After four years of $1+ trillion budget deficits, Washington needs to begin taking steps to dam the river of red ink. And if there is question as to the severity of the fiscal mess President Obama and Congress has left us, here’s some perspective from Bankrupting America:

Republicans to Keep Pressure on ObamaCare

Though Democrats are still behind the law, many are beginning to worry about the effects of ObamaCare on Americans, including rising insurance premiums and implementation efforts, which Sen. Max Baucus (D-MT) described as a “train wreck.”

The worry from Democrats coupled with the law’s unpopularity with Americans presents an opportunity for opponents of the law — and opponents are seizing on it. The New York Times has noted that Republicans plan to make the law a central part of their campaigns in the 2014 mid-term election:

Republicans are trying to make the law perhaps the biggest issue of the elections, and are preparing to exploit every problem that arises. After many unsuccessful efforts to repeal the law, the Republican-led House plans another vote soon. And Republican governors or legislatures in many states are balking at participating, leaving Washington responsible for the marketplaces.

“There are very few issues that are as personal and as tangible as health care, and the implementation of the law over the next year is going to reveal a lot of kinks, a lot of red tape, a lot of taxes, a lot of price increases and a lot of people forced into health care that they didn’t anticipate,” said Brad Dayspring, spokesman for the National Republican Senatorial Committee. “It’s going to be an issue that’s front and center for voters even in a more tangible way than it was in 2010.”

House Republicans Expose “Benefits” of ObamaCare

It didn’t take long for House Republicans to hit back at President Barack Obama’s assertion that Americans are “are already experiencing most of the benefits of the Afordable Care Act.”

That was the claim made by President Obama at his press conference on Tuesday as answered a question on the concerns expressed by members of his own party on the administration’s implementation efforts and have begun to voice them to the administration. He touted the “benefits” of ObamaCare, though only mentioned a couple different aspects, and noted that there would be “glitches and bumps” as the administration implements the chaotic state exchanges and costly Medicare expansion.

House Republicans took their message to Twitter on Tuesday and Wednesday linking to a post at their party’s conference website that lists many of the “benefits” that Americans can expect to “enjoy.” Here’s the list from the post:

Dem Senator Who Voted for ObamaCare, Stimulus Says She’s “Indispensable”

Sen. Mary Landrieu (D-LA) is likely facing a tough bid for re-election next year in a state that Mitt Romney carried by 18 points over President Barack Obama. Landrieu has eeked out wins over the past couple of cycles, but her voting record is increasingly out-of-touch with the conservative views of Louisiana. She voted for the wasteful stimulus bill in 2009 and ObamaCare in 2010, as well as the subsequent legislation that would repeal it.

More recently, Landrieu voted against less than 1% across the board spending cut and increasing the debt limit and voted for gun control measures, online sales taxes, and a $1 trillion tax hike on top of the “fiscal cliff” tax hike she supported earlier this year.

To this point, Landrieu has dared Republicans to challenge her and her big argument for re-election is rather arrogant in that she claims that she’s “indispensible”:

Preparing to run for a 4th term next year in a state significantly more conservative and Republican then when she won her first Senate campaign in 1996, Sen. Mary Landrieu, D-La., is laying out the major argument she’ll make to voters: That she has the seniority and relationships on Capitol Hill to get things done for her state.

McConnell: “We’re Not Going to be Voting for Anymore Tax Increases”

Mitch McConnell

It’s clear that President Barack Obama and Senate Democrats will continue to push tax hikes on hard-working Americans. But Senate Minority Leader Mitch McConnell is throwing coldwater on their plans.

President Obama managed to get higher taxes rates on Americans earning more than $400,000 per year, which hit many small businesses. But in an interview with, the official blog of the United States Chamber of Commerce, McConnell stated very pointedly that there will be no more votes on tax hikes in the Senate.

“[At] the end of [last] year, and unfortunately, a lot of small businesses already got a tax increase,” McConnell noted to “S-Corps and LLCs were hit with a tax increase from 35% to 39.5%. That’s more than enough. They shouldn’t have gotten that in the first place, and we’re not going to be voting for anymore tax increases.”

McConnell also noted that the Obama Administration is trying to “create a nanny state” with ObamaCare. Noting the 7-foot tall, 20,000-page stack of regulations that have come with the healthcare law, McConnell said, “It’s no wonder we’re having a tepid growth-rate, the government itself is responsible for this slow recovery we’ve had after a big recession.

Americans Opposed to Higher Gas Tax

gas pump

In his latest budget, President Barack Obama called for the elimination of tax deductions for oil and gas companies. This industry has been a constant target of the administration over the last four-plus years, so it’s not surprising that the White House would, once again, resort to the same old attacks.

While Americans may not understand the economics of this particular proposal and the impact it would have on them at the gas pump, showing how susceptible they are to the rhetoric of President Obama, they are clearly opposed to raising the gas tax at the state-level.

Maryland recently passed an increase in its gas tax, which will hit drivers with anywhere from a 13- to 20-cent increase in gas prices over the next three years. Other state legislatures may eventually try to pass increases of their own.

But according to a new Gallup poll, Americans are overwhelmingly opposed to gas tax increases in their states that could be used to finance road projects and expand mass transit options:

Two-thirds of Americans would oppose a law in their state that would increase the gas tax to help pay for road and bridge repairs, according to a new national poll.

Senate to Vote on Online Sales Tax Measure

Before passing its first budget in nearly four years, the Senate overwhelmingly approved an amendment that would allow states to collect sales taxes from online retailers that don’t have a physical presence within their borders. With the negotiators unlikely to resolve the differences between their respective budgets, Senate Majority Leader Harry Reid (D-NV) is expected to bring up the online sales tax bill — the so-called “Marketplace Fairness Act” — once again, perhaps as early as today:

Senate Majority Leader Harry Reid (D-Nev.) plans to move an online sales tax bill directly to the Senate floor, skipping the committee process.

He filed a motion on Tuesday night to begin the process of putting the bill, the Marketplace Fairness Act, on the Senate calendar. The bill could come up for a vote as early as next week.
Under current law, states can only collect sales taxes from retailers that have a physical presence in their state. People who order items online from another state are supposed to declare the purchases on their tax forms, but few do.

The Marketplace Fairness Act would empower states to tax online purchases but would exempt small businesses that earn less than $1 million annually from out-of-state sales.

House Republican Fires Back at Democrat Who Called ObamaCare a “Train Wreck”

Mike Pompeo

Rep. Mike Pompeo (R-KS) had some choice words for Sen. Max Baucus (D-MT), the man who both wrote and voted for ObamaCare.

During the Senate Finance Committee hearing on Wednesday, Baucus pressed DHHS Secretary Kathleen Sebelius on the Obama Administration’s implementation of the law and education efforts directed toward businesses and individuals. Baucus warned that this could become a “train wreck” and gave the administration a “failing grade” in its efforts.

The spectacle was one with which conservatives can agree. However, for Baucus, who is up for re-election in 2014, it may be too little too late.

In a letter made available yesterday on his House website, Pompeo expressed indignation toward Baucus, noting that “[n]o one in the country bears more responsibility for the complexity of this law” than Montana’s senior Senator.

“I was stunned, and also saddened, to read of your complaint that Health and Human Services Secretary Kathleen Sebelius is doing an insufficient job informing the public about the Patient Protection and Affordable Care Act (PPACA), otherwise known as Obamacare,” wrote Pompeo to Baucus. “My shock wasn’t because I disagreed: You’re right to say this legislation has led to great uncertainty for hard-working Americans, small business owners, and families.”

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