KEEP­ING TRACK

The Washington Times Weekly - - Politics -

The White House strat­egy to save money by spend­ing money is un­der way. Brace for im­pact. Stay in­formed. And keep in mind that since tak­ing of­fice, Pres­i­dent Obama has signed into law 21 new or higher taxes while the White House cur­rently has 5,000 more reg­u­la­tory ac­tions wait­ing in the wings — this ac­cord­ing to Amer­i­cans for Tax Re­form, which is track­ing it all.

Many of the new taxes have been spun off Oba­macare, in­clud­ing a tax hike of $60 bil­lion on health in­sur­ers, ex­cise taxes on both char­i­ta­ble hos­pi­tals and to­bacco, tax hikes on med­i­cal de­vice man­u­fac­tur­ers and Medi­care pay­rolls.

New reg­u­la­tions will af­fect tech­nol­ogy, bank­ing, en­ergy and la­bor.

“Ac­cord­ing to the 2011 Cost of Govern­ment Re­port, the pres­i­dent’s pro­jected $2.5 bil­lion in­crease in reg­u­la­tory bud­gets in 2012 will cost the econ­omy 6.2 mil­lion jobs over five years,” the non­profit coali­tion says. “What’s more, Mr. Obama has sug­gested reg­u­la­tory re­views take credit for reg­u­la­tions never re­ally en­acted. The ‘bil­lions’ in sav­ings he imag­ines un­der this guid­ance are imag­i­nary, while the costs of ac­tual rule­mak­ings im­posed on em­ploy­ers are real.”

See the numbers and de­tails here: www.atr.org.

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