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Barack Obama plans to pay for budget-busting spending increases with growth-stunting tax hikes

President Barack Obama has tipped his hand on how he plans to pay for his budget-busting spending increases. Media reports indicate that he plans to roll out several tax hikes totalling $320 billion in his State of the Union address on Tuesday, including raising the capital gains rate and imposing a tax on big banks' liabilities.

01/20/2015
Tell your Representatives to Cosponsor the Capital Gains Inflation Relief Act of 2011
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Tell your Representatives to Cosponsor the Capital Gains Inflation Relief Act of 2011

Dear FreedomWorks member, As one of our million-plus FreedomWorks members nationwide, I urge you to contact your representative and ask him or her to cosponsor H.R. 2945, the Capital Gains Inflation Relief Act of 2011. Introduced by Rep. Joe Walsh (R-IL), the bill would index the capital gains tax to inflation. By eliminating a tax on inflation, millions of Americans would have more money in their pocket. The Capital Gains Inflation Relief Act would stimulate economic growth and job creation.

10/04/2011