• Heritage Action
  • More

Obama 2013 Tax Increase Nearly Twice as Large as Sequestration

Created on March 1, 2013

Obama 2013 Tax Increase Nearly Twice as Large as Sequestration

FY 2013 TAX INCREASES $149.7 BILLION

Payroll Tax Holiday Expiration $93.4 billion

Obamacare Taxes $29.3 billion

Fiscal Cliff Tax Increase $27 billion

Medicare $9.9 billion

Non-Defense Discretionary $28.7 billion

Defense $42.7 billion

Other Mandatory $4 billion

SEQUESTRATION REDUCTIONS $85.3 BILLION

IN BILLIONS OF CURRENT DOLLARS

Sources: Congressional Budget Office, Office of Management and Budget, and Joint Committee on Taxation. Extended source on file at The Heritage Foundation.

heritage.org