Government Bytes: The Official Blog of National Taxpayers Union

The Official Blog of National Taxpayers Union

New Year, New Fears: Ten Tax-Hike Threats in the 111th Congress

Posted by Kristina Rasmussen - December 17, 2008

Get the list of tax hike threats in the 111th Congress.

Here's a run down:

Repeal/Expiration of the 2001 and 2003 Tax Cuts.
Payroll Tax Increases.
Smaller Alternative Minimum Tax Patches.
Imposition of “Windfall Profits” Energy Taxes.
Modification of Health Care Tax Treatment.
Increase in the Federal Excise Tax on Cigarettes.
Increase in the Federal Excise Tax on Gasoline.
Approval of the Streamlined Sales Tax Project.
Repeal of Tax Protections for Retirement Savings.
Attack on Earnings Deferral and International Tax Competition.

If you're concerned about other potential tax hikes, please list them in a comment to this post.

Thoughts? Add Comment -

said on Dec 17 2008 at 1:59pm
what if politicians start putting tax hikes on tax hikes?

Kristina said on Dec 17 2008 at 2:03pm
I've always been puzzled by counting social security as taxable income.

Dwight Jurey said on Dec 17 2008 at 6:31pm
When are the taxpayers going to arreign Barny Frank,Chris Dodd,Pelozi. and the rest of the self serving, thiefocrats, for the theft of our 700 billion+ dollars. There is already evidence that we will never be re-embersed for the funds and yet our Washington, payed for,(by Lobbyists) politicians are scheming ways to steel yet more funds for their friends. The Mortgage bailout was meant to avert more than 300.000 foreclosures. To date, only 12000 nationwide have been approved for help. When will the taxpayers stop the theft of our country by thug polititians.