The Tax Hikes All Americans Could Face

FBN's Gerri Willis on the proposed taxes and government fees facing all Americans, not just the wealthy.

This article is part of the series

Welcome to D.C., Where Fees Mean Taxes

By Columns FOXBusiness

President Obama says raising taxes on millionaires and billionaires is not class warfare - it's just math. And, the public seems to be in agreement with him.

According to a new CBS poll, more than half of Americans support raising taxes on the wealthy. But here's the real deal: it's not just millionaires that will be paying more under this "new" plan from Obama$130 billion dollars will be raised through creating new fees or increasing existing fees. Fees all of us pay, not just the super-rich.

For example, anyone who ever flies will be paying more. Federal security fees for airline passengers will double from $5 to $10 per flight, and would triple to $15 by 2017. That would raise $25 billion by 2021.

Veterans also getting squeezed. Military retirees would pay a $200 when they turn 65 and would have to pay more for non-generic drugs. This is to cover the government's Medicare tab.

The unions can't be happy about this one - but all federal workers will see an additional 1.2 percentage point deduction from their paychecks. That will raise $21 billion to cover some of those under-funded pensions.

In the market for a new home? This plan impacts you as well. The fee Fannie and Freddie charge lenders to guarantee repayment of new mortgage loans will increase by one-tenth of a percentage point. That sounds like inside baseball - but what it means is if you're new to the housing market, you will have to pay $15 more a month. That would raise $28 billion over the next decade.

These are the most sweeping fees - but they're not the only ones by any means. There's a $4-an-acre charge for federal lands that don't produce oil. And the federal government will get a 50% share of receipts from geo-thermal leases on federal land - instead of the current 25 %.

And the list goes on and on. I don't know about you, but these "fees" sound an awful lot like taxes - and as I said - not just on millionaires.

But since the Republicans have vowed not to approve any tax increases we should breathe a sigh of relief right? Well it turns out during the debt debate - before things got really out of hand - a group led by Vice President Joe Biden had already tentatively agreed to some of these fees.

So bottom line: no one is safe!

Continue Reading Below

Be sure to catch the Willis Report on the FOX Business Network every weekday from 5-6pm ET.

Continue Reading Below

More On This...

What do you think?

Click the button below to comment on this article.