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Obama and His 442 Tax Hike Proposals

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Photo credit: Tax Credits / Flickr

Back when Barak Obama was running for president, he promised voters that he would not raise taxes on any Americans who were making less than a quarter million a year. Much like other things the Democrats’ darling has said, this turned out to be a lie.

Barak Obama has requested 442 tax increases since taking office, many of them on middle class Americans. If your tax bill is bigger than usual this year, you will know why.

442 Tax Increase Requests

Fortunately for most Americans, the vast majority of these requests to increase taxes have been denied by Congress. Since Republicans still control the House of Representatives, they have been able to keep these tax increases at bay and protect the wallets of the American people, for the most part.

It hasn’t always been easy to do, with Democrats within the House and a Democrat-controlled Senate often taking the president’s side. The fact that so many tax increase requests have been able to be avoided by the efforts in the House is remarkable.

The Difference This Will Make to History

Unfortunately, Obama probably won’t go down in history as a tax-happy president. History will only record what he did, not what he wanted to do. People who want to know the deeper story of Obama’s tax policies will have to do some digging to find the records of all of his proposed tax hikes. Since most of these hikes were denied, he is going to look like a very anti-tax president, when just the opposite is true.

Obama is a very tax-friendly president. Perhaps future historical scholars will be able to look at the analyses from this anti-tax group and see the real story about this president. For example, future historians looking at this group’s reports will find that Obama put 93 new taxes in his proposed 2015 budget.

Where Are the New Taxes Going?

Though most of his tax hike proposals were denied, a large number did go through and become law. He got a tax on tobacco approved shortly after entering office. There are twenty tax increases included in the Affordable Care Act (also known as Obamacare) alone.

The next fiscal year will see at least $1 trillion in new tax money coming into the government from the American people….all taxes that Obama was able to get passed into law.

Obama’s proposed tax hikes and/or new taxes proposed in the years of his time in office thus far look modest, if you look at them by year, at least until you get to fiscal year 2014 and 2015, when he suddenly seems to go tax crazy. This is possibly due to him knowing he won’t be running for president again, and so he isn’t that concerned about how the American people will feel about these proposals.

Obama proposed 79 tax increases in 2010, 52 in 2011, 47 in 2012, 34 in 2013, 137 in 2014, and the previously mentioned 93 for 2015, according to records kept by the Americans for Tax Reform website. We can be thankful that not all of these have become law.

However, it clearly shows Obama’s vision for America, and it is almost surely not what most Americans want for their country. The president should be looking for ways to lower the tax burden of the American people, not increase it.

Congress is getting wise to Obama’s tax plans, and even Democrats are starting to become less cooperative. For example, a bill based on Obama’s proposed 2015 budget with the 93 new tax burdens was crushed by a 2 to 413 vote in the House, meaning most Democrats voted against it.

Though he will be leaving office soon, Obama is learning that imposing outrageous numbers of new taxes is simply something the American people, regardless of their political party, will not accept.

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