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The Budget: A Preview Of What’s To Come

RNC Communications - January 20, 2012

The president who once falsely claimed he “didn’t raise taxes once” will release a budget February 6, which will likely reprise new taxes and fees.

Obama’s Budget Will Likely Include New Taxes And Fees

Obama’s Budget Will Reportedly Push Congress To Revisit Deficit Cuts. “In its budget submission next month, the Obama administration will urge lawmakers to revisit the failed attempt by a congressional supercommittee to cut the deficit by at least $1.2 trillion, the White House says.” (Andrew Taylor, “Obama To Press Congress To Revisit $1.2 T In Cuts,” The Associated Press, 1/20/12)

  • WH Says It Will Ask Congress To “Enact More Than $1.2 Trillion In Deficit Reduction, Turn Off The Sequester And Maintain The (Spending Caps).” “‘We have a sequester coming less than a year from now unless Congress acts,’ said a senior administration official. ‘We're going to ask Congress to do now what we think Congress should have done in December, which is enact more than $1.2 trillion in deficit reduction, turn off the sequester and maintain the (spending caps).’” (Andrew Taylor, “Obama To Press Congress To Revisit $1.2 T In Cuts,” The Associated Press, 1/20/12)

The Plan Is “Likely To Reprise New Taxes And Fee Proposals.” “The White House plan, likely to reprise new taxes and fee proposals that are nonstarters with Capitol Hill Republicans, would turn off the entire nine-year, $1.2 trillion across-the-board spending cuts, referred to as a ‘sequester.’” (Andrew Taylor, “Obama To Press Congress To Revisit $1.2 T In Cuts,” The Associated Press, 1/20/12)

  • As A Result, Obama’s Proposal Is Likely “Dead-On-Arrival.” “In that light, the administration's proposal could be doomed to dead-on-arrival status despite widespread desire to turn off the automatic cuts.” (Andrew Taylor, “Obama To Press Congress To Revisit $1.2 T In Cuts,” The Associated Press, 1/20/12)

As President, Obama Has Raised Taxes On Struggling Americans And He Promises He Will Raise Taxes Again If Reelected

President Obama Has Enacted 50 Tax Hikes, Raising Taxes A Total Of $640 Billion. (Joint Committee On Taxation, Congressional Budget Office, Office Of Managements And Budget, Accessed 1/20/12)

Obama Admits He Wants To Raise Taxes In 2013 If He Is Reelected. OBAMA: “That is a reasonable proposition. So, when you hear folks saying ‘Well, the president shouldn’t want massive job killing tax increases when the economy is this weak.’ Nobody’s looking to raise taxes right now. We’re talking about potentially 2013 and the out-years.” (President Barack Obama, Press Conference, Washington, DC, 7/11/11) 

The Washington Post’s Fact Checker: The Former Head Of Obama’s Council Of Economic Advisers, Christina Romer, Conducted A Study Which “Clearly Demonstrates That Tax Increases Have A Negative Impact On Growth.”  (Glenn Kessler “Digging Into Boehner’s Anti-Tax Philosophy,” The Washington Post's "The Fact Checker,", 5/12/11)

  • Fact Check: “Score A Point For Republicans Who Warn That Raising Taxes Will Harm The Economy.” (Glenn Kessler “Digging Into Boehner’s Anti-Tax Philosophy,” The Washington Post's "The Fact Checker,", 5/12/11)

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