Phil Kerpen, writing “Obama’s Scary Hoover-Style Tax Hikes“ in the Fox Forum, draws parallels between tax hikes in the 2010 budget and the Revenue Act of 1932 which put in place tax hikes that expanded under FDR to create a tax burden on millions of Americans, largely through excise taxes.

“Despite President Obama’s promise that ‘If your family earns less than $250,000 a year, you will not see your taxes increase a single dime. I repeat: not one single dime,’ his new budget raises 45 percent of its revenue from energy taxes that will be paid by everyone who fills a gas tank, pays an electric bill, or buys anything that was grown, shipped, or manufactured.”

In addition, in 2010, under a proposal hidden in a footnote in the budget, the death tax will go from zero under current law to the same 45 percent rate that was implemented in 1932.