Obama’s SOTU Price Tag: $20 Billion Or More, Plus Higher Taxes
The National Taxpayers’ Union Foundation has crunched the numbers, and the results aren’t pretty:
President Obama’s statement in yesterday evening’s State of the Union speech that “the rules have changed” will likely surprise many taxpayers hoping for more specifics on how much they’ll save – or pay – due to his fiscal policy proposals. According to a line-by-line analysis of his State of the Union speech by the non-partisan National Taxpayers Union Foundation (NTUF), all the quantifiable items in President Obama’s speech taken together would increase federal spending by more than $20 billion, but the large number of items whose impact is unclear could dramatically affect this total.
“President Obama’s speech last night hinted at tax reform, and spending restraint, but also opened the door to tax increases and major spending initiatives,” said NTUF Senior Policy Analyst Demian Brady. “Americans heard encouraging words about more efficient government, but little in the way of specifics about spending priorities. This leaves taxpayers wondering not only whether the federal budget deficit is headed upward or downward, but also by how much.”
So, Obama is still a tax-and-spend Democrat. Remember that in 2012.