The Ultimate Albatross: Obama’s Budget Proposal Calls For Highest Taxation In U.S. History

The Ultimate Albatross: Obama’s Budget Proposal Calls For Highest Taxation In U.S. History

Last month, President Obama presented his budget to Congress, and according to CNS News, the CBO report concludes that this budget “called for what would be the highest level of sustained taxation ever imposed on the American people.” The CNS article goes on to state that, “under Obama’s proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024. During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP.”  With an economy that still struggles, the President seeks to combat the exorbitant national debt primarily with tax increases rather than with the reduction of government spending.  It is time this Administration reins in its limitless spending and removes the proverbial government albatross that is wrapped so tightly around the public’s neck.

 

Click here to read the full CNS News article. 

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