June 25, 2012

The Taxmageddon tax increases are “the equivalent of doubling a family’s grocery store bill for an entire year,” Heritage Foundation economist Rea Hederman said this morning on C-SPAN.

Uncertainty about how Congress will deal with Taxmageddon, the $494 billion tax hike set to go into effect Jan. 1, is already dragging down the economy, Hederman said.

Watch the video below:

Do you think Congress will act to stop Taxmageddon?

Comments (2)

Fred B. Houck - July 6, 2012

Mr. Hederman really knows what he is talking about. His facts are accurate, his camera presentation is both friendly and understandable, and I hope he is given more opportunities to educate Americans about the realities we are living through.

Well done!

GarlicDude - July 6, 2012

Good explanation of the impending tax increases under Mr. Obama that ordinary Americans can understand.

Thank you Mr. Hederman for a job well done.

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