Taxes are like a drug for progressive liberal Democrats like Obama. In Obama’s case, raising taxes is like doing a little blow from his earlier year (and probably nowadays too.)
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| Obama calls for highest sustained taxation in U.S. history |
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In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the analysis published last week by the Congressional Budget Office.
Under Obama’s proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024. During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP.
America has never been subjected to a ten-year stretch of taxation at that level.