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Americans Re-Elect Higher Taxes, Higher Gas Prices, and More Expensive Healthcare

November 8, 2012
AWR Hawkins

Barack Obama was re-elected, which essentially locks in tax hikes on everyone (forget the $250,000 barrier), and portends even greater increases in gas prices and healthcare costs.

In truth, these consequences are so certain that people who voted for Obama were indirectly voting for higher taxes, higher prices at the pump, and more expensive and time consuming healthcare, whether they knew it or not.  And odds are, those who knew it are trusting Obama will find a way to excuse them from the penalties that start hitting the rest of us at the beginning of 2013.

January 2013 is when taxes go up on everyone. Heretofore the Bush tax cuts have keep taxes low, but Obama plans to reverse that, and repeatedly framed this as part of his intention to make the rich pay their fair share. The problem is, everyone’s taxes are going up (and the taxes involved in Obamacare will only increase this burden.)

And now… the rest of the story. …..

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