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Obama never met a tax increase he didn't like. Look at this list.
Since taking office in 2009, President Barack Obama has formally proposed a total of 442 tax increases, according to an Americans for Tax Reform analysis of Obama administration budgets for fiscal years 2010 through 2015.
The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare.
“History tells us what Obama was able to do. This list reminds us of what Obama wanted to do,” said Grover Norquist, president of Americans for Tax Reform.
But your corporate think tank source failed to say who Obama raised taxes on. Obama's tax increases hit corporations, rich Americans, and corporate lenders.
The source only mentioned Obama raised taxes on cigarettes. But maybe that will cause people to smoke less cancer causing cigarettes, and save America money on cigarette related healthcare costs.
Without looking at them, I'd imagine most merely brought tax rates up to where they were before Bush lowered them. The rest probably have something to do with paying down the debt that Bush created.
The better question is, why, other than to please his campaign donors, did Bush lower taxes while starting a war. Speaking of things that have never been done in the history of the world....
By the way, dollar amounts will almost always go up with each new term. It's percentages that count.
Meanwhile back on the real earth according to your graph spending levels have finally fallen to the same thing they were before he took office. Also note it's only after 2010 that happened, wonder what happened in 2010?
The thing is that Obama should be spending to get the economy back on track, but since most Americans don't understand the national debt, many people label any form of spending as bad.
Cutting back even more on spending would only hurt the economy worse since we are still in a recession.
Obama is causing the problem.
Sometimes you got to let the air out of the tire and the rest takes care of itself. In this case let the air out of government so government doesn't take so much money out of the economy and human nature will take care of the rest.
Sometimes you got to let the air out of the tire and the rest takes care of itself. In this case let the air out of government so government doesn't take so much money out of the economy and human nature will take care of the rest.
The government doing nothing, and letting things take its course won't help either. In times of recession or in high inflation, the government should do someting to help the economy get back on track. The problem is when the government doesn't know how to fix economy, and ends up making it worse due to their policies. Increasing government spending and raising taxes along with that won't help at all, as things would pretty much remain the same.
How much in interest payments on Bush's debt do you think was paid since Obama took office? Few trillion?
Not even close--$600 billion, according to my quickie calculation. Interest on the debt is roughly 7 pct of federal spending, which has been in the range of $3.5 trillion under Obama. Take that times 5 years since Bush left, and you get 1.2 trillion. But only about half of the debt inherited by Obama was racked up by Bush's spending spree, so the final number is half of 1.2 trillion, or $600 billion.
Really, it is fine to criticize Bush, but what do you guys get out of just making stuff up out of whole cloth? Bush Derangement Syndrome lives on.
Please list the increases here so I don't have to visit that idiot website.
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