Charles Payne

Gasser: A person or event that stimulates a very enthusiastic response:

Back in the 1930s, jazz musicians were the coolest cats on the planet, (many would argue they still are, except the genre has been infiltrated with a pop sound and softness that belies the grittiness needed to be an arbiter of cool). And, when performing at their peak, it was called "cookin with gas." The term became popular for describing anything that was excellent or sensational. Those with the touch were gassers; everyone else just simply tried but failed.

Right now, it's safe to say the US economy is heating up, and while it is too early for superlatives like cookin with gas, momentum is pointing in the right direction. But, it's too soon to be cocky or to confuse a resilient economy with proof that economic policies are working. On the contrary, this economy, the greatest ever to operate on the face of the planet, is forging ahead because of the character of our citizens and determination of businesses. Still, this economy could be so much better-- if allowed to cook. Instead, more roadblocks in the form of taxes to support the new healthcare law loom as speed bumps or worse.

Beginning in the New Year, a $2.00 fee will be leveled on every health plan, in addition to more taxes that could cost each American taxpayer with a $6,000 burden. This isn't the best post- Christmas message to wake- up to, but it's a reality that could become even more detrimental, as enrollment points to a shortfall in participants. Ironically, architects of this monstrosity knew lots of people would opt out of paying and instead fork over fines as part of the individual mandate tax.

I just think they were lying to themselves or just drinking too much Kool-Aid, when they figured only a certain percentage of young people (being called The Young and Invincible) would see the wisdom in paying thousands of dollars, when the other option is a ninety-five buck fine.

ObamaCare Tax Hikes:

$123 Billion

Surtax on Investment Income (Jan 2013)

3.8% surtax on investment income in households earning at least $250,000 ($200,000 single). Note: new tax rates capital gains 23.8% from 15% and dividends 43.4% from 15%.

$86 Billion

Medicare Payroll Tax (Jan 2013)

Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.