Tax Increases Almost 3 Times Larger Than Sequstration Cuts

by The Heritage Foundation on Nov 19, 2013 | Views: 55 | Score: 1
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The Heritage Foundation
The Heritage Foundation on Nov 19, 2013 1:49 PM said:

Since President Obama took office, he implemented two major tax increases through Obamacare and the fiscal cliff deal, and he allowed the payroll tax holiday to expire. In total, taxes will increase by more than $3.2 trillion over 10 years while sequestration cuts spending by only $1.1 trillion over that period.