Obama First To Put Tax Increases In The Budget Table

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Since taking office three years ago, President Barack Obama has signed into law twenty-one new or higher taxes on the American people: 1. A 156 percent increase in the federal excise tax on tobacco: On February 4, 2009, just sixteen days into his Administration, Obama signed into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack.

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(CNSNews.com) – Barack Obama was the first president of the United States to spend more on "means-tested entitlements"-AKA welfare-than on national defense, according to data published by his own Office of Management and budget. historical tables that the OMB posted on the Obama White House website, include annual totals for both "national defense" spending and "means-tested.

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GOP Outraged! Obama's Budget Proposal Rejected President Barack Obama’s 2013 tax increases for wealthy Americans neither slowed their income growth nor hurt the economy, according to a study that taps into a key debate in the current presidential race.The top 1 percent of earners managed to increase their share of the.

the first phase of tax cuts, which began on July 1, are worth about $8 billion – just 0.6 per cent of household consumption..

Obama had the highest dollar increase, but Wilson had the biggest percentage rise.. US Budget Deficit by President By Dollar and Percent .. According to his budget projections, he would add $6.2 trillion in deficits during his first term. That would put him at #2 on this list. It would.

President Obama recently presented his budget proposal for the 2016 fiscal year. The budget proposes $3.99 trillion in spending and $3.53 trillion in revenue for a deficit of $474 billion for 2016 and a number of new tax proposals. In total, the plan includes $2.4 trillion in proposed tax increases.

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The Ohio Republican said Obama wants to hold hostage "modest reforms" for another round of tax increases, referring to increases his party agreed to in December 2012 as part of a deal with.

The Budget . Budget of the united states government, Fiscal Year 2017 contains the Budget Message of the President, information on the President’s priorities, budget overviews organized by agency, and summary tables.. To download "Budget of the United States Government, Fiscal Year 2017" as a single PDF click here (182 pages, 2.9 MB)