NORQUIST: With a gavel bang, Obamacare is Obamatax

Re-electing Obama means higher taxes - permanently

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And this collection of 20 tax hikes are in addition to the tax increases Mr. Obama’s election would trigger as the Republican tax cuts of 2001 and 2003 lapse. The marriage penalty returns. The per-child tax credit falls from $1,000 to $500. Tax rates increase for all Americans. The death tax jumps up to 55 percent of your life savings over $1 million. The capital gains tax jumps to 23.8 percent. The tax on dividends triples. The cost in Year One of a renewed contract for Mr. Obama: $500 billion. It will be $5 trillion over the next decade.

A vote for Mr. Obama is a vote for more than $5.5 trillion in higher taxes over the next 10 years. A vote for Mitt Romney and a Republican Congress will repeal all 20 of Obamacare’s taxes and extend all the lapsing tax hikes so Congress can reform the tax code without a tax increase.

There is, too, a dime’s worth of difference between the parties - 55 trillion dimes.

Grover Norquist is president of Americans for Tax Reform and co-author of “Debacle: Obama’s War on Jobs and Growth and What We Can Do Now to Regain Our Future” (Wiley, 2012).

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