RNC Women

We have already seen President Obama sign into law more than $670 billion in tax increases, a tax hike of about $2,100 for every man, woman and child in the United States.  The middle class has not been left out of this assault on the taxpayers’ checkbooks, with at least 14 different tax increases signed into law that target taxpayers making less than $250,000 per year. 

Now comes the news that the White House will even tax the sale of homes to help pay for ObamaCare.  Beginning in 2013, ObamaCare will impose a 3.8% Medicare tax on unearned income, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.  This new tax on home sales, along with other Medicare taxes, will raise more than $210 billion to pay for ObamaCare.

How many different blows can the White House deliver to America’s economy and to our working class?  The White House borrowed billions in the names of our children and grandchildren to pay for their stimulus spending.  They have raised taxes more than $670 billion.  Now, with our housing market struggling to sputter back to life, they will add another 3.8% Medicare tax to income from home sales.  It seems there is no part of an American taxpayer’s annual income the White House will not seek to tax to pay for their big government initiatives. 

The way to revive the American economy and power job creation is to get government out of the way – not to throw up more roadblocks to investment and job creation.  Republicans will put money back in the pockets of taxpayers and begin the process of repealing ObamaCare.  A Republican majority in Congress will get our economy moving again, and help get the taxman out of the pockets of America’s middle class.