Wall St. Journal: Let’s not forget Obama’s already-imposed new taxes

◼ The Wall Street Journal can barely believe that Barack Obama made $1 trillion in new taxes the cost to Republicans for raising the debt ceiling and making cuts in federal spending. Obama keeps saying that he has cut taxes, but the Journal reminds people that Obama has raised taxes, too — and in key ways that impact capital. The ObamaCare bill will raise taxes in a number of unpleasant ways, all in support of vast new federal spending and regulatory adventurism - HotAir
◼ Taxes Upon Taxes Upon . . .Obama wants $1 trillion in taxes on top of what he's already signed. - Wall St. Journal

How dare Republicans not agree to break their campaign promises and raise taxes when the jobless rate is 9.2% and President Obama's economic recovery is in jeopardy?

We think Mr. Boehner is making the sensible choice. No one wants to reform the tax code more than we do, but passing a $1 trillion tax increase first on the promise of tax reform later is a political trap. If the President were really sincere about reform and a willingness to keep the top tax rate at or below 35%, he'd negotiate that at the same time he does a debt deal. Mr. Boehner will have a hard enough time getting any debt-limit increase through the House, much less one that raises tax rates.

Keep in mind that Mr. Obama has already signed the largest tax increase since 1993. While everyone focuses on the Bush tax rates that expire after 2012, other tax increases are already set to hit the economy thanks to the 2010 Affordable Care Act. As a refresher, here's a non-exhaustive list of ObamaCare's tax increases...