shrink the deficit and cover the costs of the Affordable Care Act, President Obama has instituted a plethora of new taxes. More than 20 tax increases are associated with the Affordable Care Act (ACA, or "ObamaCare"), which is likely to hurt business and investment and slow economic recovery, says Andrew Lundeen, the associate for government relations and corporate development at the Tax Foundation.
The total tax burden of ObamaCare is now estimated at $1.058 trillion -- a steep increase from the initial $569 billion estimate produced at the time of the passing of the law. Owners of small businesses will be hit the hardest, facing both a tax increase on self-employment income and the employer mandate. The tax increase may force some small businesses to shut down or fire workers and raise prices. CONT. READING
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