He has not yet begun to tax.
Charles Krauthammer writes:
To paraphrase Churchill on the British Empire, Barack Obama did not become president of the United States to preside over the liquidation of the welfare state. On the contrary, he is dedicated to its expansion. He’s already created the largest new entitlement in half a century (Obamacare). And he has increased federal spending to an astronomical 24.4?percent of GDP (the postwar norm is about 20?percent), a level not seen since World War II.