Happy Tax Day, aka Barack Obama's favorite day of the year! During his presidency, Barack Obama has proposed a whopping 442 tax increases according to Americans for Tax Reform:
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.
The number of proposed tax increases per year is as follows:
-79 tax increases for FY 2010
-52 tax increases for FY 2011
-47 tax increases for FY 2012
-34 tax increases for FY 2013
-137 tax increases for FY 2014
-93 tax increases for FY 2015
Fortunately for Americans, Obama was unable to convince Congress to pass all of these increases.
On the bright side of Tax Day, the IRS is short-staffed so your audit risk is low!
Tags: IRS, Obama, Tax