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Most people do not know that already enacted in current law for 2013 are increases in the top tax rates of virtually every major federal tax. That is because the tax increases of Obamacare become effective that year, and the Bush tax cuts expire, which Obama has refused to renew for the nation’s small businesses, job creators and investors.Also by 2013 Obama’s regulatory tsunami will be building to a crescendo of increased costs on the economy. And the Fed, now committed to maintaining loose monetary policy through the election, will be reversing course right after to head off inflation, which will add to the contractionary effects on the economy.The result will be one whopping, horrendous, record shattering recession, unless America changes course. In this explosive Broadside, former Reagan White House policy advisor Peter Ferrara exposes the final calamitous consequences of Obama's assault on prosperity

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Starting on Jan. 1, 2011, President Obama’s economic recovery policy will begin the implementation of comprehensive, across-the-board tax rate increases for every major federal tax, along with some completely new taxes. Yet Obama and Congressional Democrats seek even more tax increases.In this insightful Broadside, Peter Ferrara shows that while President Reagan’s tax policies created a 25-year economic boom, the Obama tax tsunami will sink the economy further if it is not stopped. It will produce a double-dip recession in 2011 , if not a full economic crash. President Obama’s tax policies are effectively tax piracy, and they are more likely to lose revenue and leave bigger federal deficits and debt for the country.

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