5 Important Numbers on Obama

ATR ^ | 2012-08-13 | Justin Sykes

[92nina]

Following Governor Romney's announcement that Rep. Paul Ryan would be his running mate, President Obama has been on the offensive, attacking Gov. Romney and Rep. Ryan on healthcare. The Obama White House has gone so far as to outline 5 Important Numbers on Health Reform on its website. The 5 numbers referenced by President Obama are misleading and ignore the 5 numbers which truly characterize the Obama Administration:

1. $500 Billion in Tax Increases
   • The impending tax hikes in December are a $500 billion tax hike in 2013 alone.
2. $62 Billion in New Regulations
   • $46 Billion in new regulations since President Obama took office.
   • $16 Billion in new regulations in 2012 thus far.
3. 8% Unemployment
   • America is experiencing the longest period of unemployment above 8% since the Great Depression under President Obama.
4. 11 Hours - The Buffet Rule
   • Gov. Romney's statement that the revenue raised by the Buffet Rule would "pay for 11 hours of government."
   • The fiscal year 2013 federal budget is projected to have $3.803 trillion in outlays. So, dividing $5 billion into that figure, you end up with the Buffet Rule covering 0.131% of the budget.
   • There are 8,760 hours in a year, that works out to just over 11 hours.
5. 7 Tax Hikes on under $250,000-A-Year-Earners:

Obamacare's 7 Tax Hikes On Under $250,000-A-Year Earners

Obamacare Tax Hike	Effective Start Date
1. The Indoor Tanning Services Tax	July 1, 2010
2. Health Savings Account Withdrawal Penalty	Jan. 1, 2011
3. The Over-The-Counter Drugs Trap	Jan. 1, 2011
4. The Medical Itemized Deduction Hurdle	Jan. 1, 2013
5. The Healthcare Flexible Spending Account Cap	Jan. 1, 2013
6. The Individual Mandate Excise Tax	Jan. 1, 2014
7. The Cadillac Health Insurance Plan Tax	Jan. 1, 2018

Ebeling, Ashlea, Forbes Staff - "Obamacare's 7 Tax Hikes On Under $250,000-A-Year Earners".

[92nina]

The Obama Campaign has begun attacking Gov. Romney and Rep. Ryan on Healthcare issues. Obama's "5 Important Numbers on Health Reform" however are misleading.

[Nevadan]

thanks for posting

[92nina]

Your welcome :)