Tuesday, March 3, 2015

Obama Eyes More Tax Hikes---By Executive Action

In another sign that the gloves have come off for the last 2 years of his term, President Obama suggests he can raise taxes by executive action. That’s the same method he used for his controversial immigration ‘reform.’ The Congressional Budget Office says Mr. Obama’s executive immigration action will increase federal deficits by $8.8 billion over the next ten years. Now, we may see unilateral tax hikes too.
The tax gauntlet was tossed down by his White House Press Secretary, Josh Earnest, who said the President was “very interested” in raising taxes through executive action. Some of the blame goes to Sen. Bernie Sanders (I-VT), who called upon the President to raise over $100 billion in taxes through IRS executive action. Sen. Sanders dispatched  this letter to Mr. Obama’s Treasury Secretary identifying actions the IRS can take without asking Congress.

http://www.forbes.com/sites/robertwood/2015/03/03/obama-eyes-more-tax-hikes-by-executive-action/?utm_campaign=yahootix&partner=yahootix 

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