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tax hikes

ObamaMath: $500 billion in tax hikes for $50 billion in spending cuts [Darleen Click]

Obama is committed to expanding Government and strangling private enterprise Well, it was former Bush adviser Keith Hennessey who discovered a big obstacle in all this. Team Obama wants a gargantuan $1.6 trillion tax hike over the next 10 years to finance larger government. And Hennessey surmised — and I agree — that the reason the president couched his language in terms of higher tax “revenues” rather than tax “rates”