Democrats’ $1 Trillion Obamacare Tax Hike to Hit American Producers on January 1

Back in October Joe Biden warned America that the Obama Administration was going to raise taxes by a trillion dollars.

He wasn’t kidding.

On January 1, 2013 American producers can expect a trillion dollar Obamacare tax hike.
Americans for Tax Reform reported:

On January 1, regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike.

Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1. In total, for the years 2013-2022, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office.

The five major Obamacare taxes taking effect on January are as follows…

Read the rest here.

And, that doesn’t include the tax hikes you can expect if Congress and Obama do not reinstate the Bush tax cuts before January 1.

Photo of author
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

Thanks for sharing!