The Obama Timeline
Also, Colony 14 has a good piece titled “If Obama Wins…“.
Obama is planning on generating more federal revenue through the following:
Raising the top individual income tax bracket to 39.6%. Raising the capital gains tax from 15% to as much as 28%. Raising the dividends tax from 15% to 39.6%. Eliminating the wage cap on Social Security withholding taxes. (This is and additional 15.3% tax on all income over $97,000, and would be the largest tax increase in American history.) Possibly adding a 2-to-4% Social Security “surtax” on the top wage earners. Raising import tariffs on selected products to “protect” American businesses. Imposing an “anti-global poverty tax,” based on a tax in the rental value of land and natural resources, a royalty on energy production, fees for the commercial use of the oceans, fees for the airplane use of the skies, fees for the use of the electromagnetic spectrum, fees on foreign exchange transactions, and a tax on the carbon content of fuels. (And who says Obama didn’t learn anything from Chicago’s mayor, Richie Daley?) Windfall profits tax on oil companies. Quite a few more taxes and fees, but you’ve probably heard enough already.
It doesn’t look pretty…