https://hotair.com/headlines/archives/2012/12/07/obamas-famous-tax-victory/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 16:10:16 -0400<![CDATA[The president will also finally have to show his math. He has argued his entire presidency that America&#8217;s debt hole could be filled by soaking the rich. He&#8217;ll now get his way, in a bill that likely provides $800 billion in revenue over 10 years, or $80 billion a year. To repeat: $80 billion a year. That is 7% of the $1.1 trillion deficit Mr. Obama ran in fiscal year 2012 alone. His tax hikes in hand, he can now explain why the hole keeps getting bigger.]]>Fri, 07 Dec 2012 19:15:19 -0500<![CDATA[Erika Johnsen]]>https://hotair.com/headlines/2012/12/07/obamas-famous-tax-victory-n98069