Yet Another Obama Tax Hike
Under Obama’s Budget, energy producers — including those in New Mexico — would face more than $220 billion in tax hikes according to Americans for Tax Reform. While the President has repeatedly pledged not to raise taxes on middle-income Americans, the reality is that he has enacted and proposed several tax hikes.
As I pointed out a few months back, these include taxes on tobacco, tires from China, and steel pipes from China as well.