Michigan Families to see $2,801 Tax Increase in 2013
According to the Heritage Foundation’s Center for Data Analysis (CDA) new study, a $494 billion tax increase will happen in the beginning of 2013, unless Congress acts. Under current law, long-standing tax policies will expire in seven different categories, and five of the 18 new tax hikes from Obamacare will begin.
Michigan families will see an average increase of $2,801 in 2013. This not only has a negative impact in 2013, but also affects how families, businesses, and investors make decisions about the future. This slows job creation while millions of Americans are unemployed.
As the study mentions:
A tax increase the size of Taxmageddon for just one year is simply unprecedented. Usually tax and budget policies are evaluated on estimates over 10 years. A 10-year tax increase of Taxmageddon’s magnitude would be off the charts. By comparison, all the tax increases in Obamacare—itself an enormous tax increase—raise $502 billion over 10 years, which is almost as much as Taxmageddon will increase taxes just in 2013.
Unless Congress acts, these significant tax increase will continue to stagnate the economy and job creation. Senator Stabenow needs to know how you feel. She can be reached HERE or her Washington D.C. office number is (202) 224-4822.
Don’t assume others have already taken action. Let your voice be heard.