President Obama’s fiscal year 2015 budget proposal includes 93 new tax increases, which brings the total number of tax hikes Obama has proposed in office up to 442.
Obama’s rough budget proposal, titled “Opportunity for All,” proposed 93 new tax hikes, according to an analysis conducted by Americans for Tax Reform. A bill based on Obama’s spending blueprint recently died in the House by a 2-413 vote, while Paul Ryan’s budget plan, which repeals Obamacare and cuts more than $5 trillion in federal spending, passed the Republican-controlled chamber.
Obama’s 93 new tax hikes are actually more modest than the career-high 137 tax increases he originally proposed for fiscal year 2014, but still represent his second-highest number of tax hikes proposed during his years in office. Obama proposed a career-low 47 tax increases for fiscal year 2012 before his re-election campaign.
Americans for Tax Reform noted that its analysis did not include the 20 tax hikes signed into law as part of Obamacare.