Many of the Tax Hikes Fall on Families Making Less Than $250,000
WASHINGTON, Feb. 22 /PRNewswire-USNewswire/ -- Today, the White House released President Obama's draft healthcare plan. Below is a comprehensive analysis of all the tax provisions. Where possible, scores have been assigned based on earlier versions of the legislation passed by the Senate, the President's budget, and (in the case of applying the Medicare tax to unearned income) ATR staff estimates based on IRS data (all scores are 10-year estimates):
*** Overall proposal is a net tax hike of $629 billion over 10 years ***
Title I (Net tax hike of $85 billion)
Title IX (Net tax hike of $544 billion)
Interestingly, the draft release from the White House seemingly lacks the following tax hikes which were contained in the Senate bill:
Americans for Tax Reform is a non-partisan coalition of taxpayers and taxpayer groups who oppose all tax increases. For more information or to arrange an interview please contact John Kartch at (202) 785-0266 or by email at email@example.com.
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|SOURCE Americans for Tax Reform|
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