Obama's 'Stealth Taxes' Estimated at Over $1.5 Trillion

Thursday, October 1, 2009 6:10 PM

By: David A. Patten

Taxpayers at all income levels could be hit with over $1.5 trillion in new taxes, fees, and other costs over the next 10 years, despite President Obama's repeated promises that he would not raise taxes "one dime" on those earning less than $250,000 a year.

Details of several new tax proposals, including some that would disproportionately affect the middle and lower classes, have emerged following Obama's recent dust-up with host George Stephanopoulos on ABC's “This Week.â€