Friday, January 14, 2011

Health Care Law - #2559 - Obamacare Packs Crushing New Taxes - Newsmax - Americans for Tax Reform (2) House Republicans Tee Up Health Care Debate After Pausing for Tucson Victims - Fox (3) GOP to Act Quickly on Obamacare 1099 Repeal - Hot Air

Next week, the U.S. House of Representatives will be voting on a historic repeal of the Obamacare law. While there are many reasons to oppose this flawed government health insurance law, it is important to remember that Obamacare is also one of the largest tax increases in American history. Below is a comprehensive list of the two dozen new or higher taxes that pay for Obamcare’s expansion of government spending and interference between doctors and patients. Individual Mandate Excise Tax (January 2014): anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following.

1 Adult2 Adults3+ Adults
20141% AGI/$951% AGI/$1901% AGI/$285
20152% AGI/$3252% AGI/$6502% AGI/$975
2016+2.5% AGI/$6952.5% AGI/$1,3902.5% AGI/$2,085
Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS).
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House Republicans Tee Up Health Care Debate After Pausing for Tucson Victims - Fox - House Republican leaders signaled for the first time Thursday that they intend to get back to business, in a matter of days, after the tragic shooting in Tucson temporarily derailed plans to kick off the 112th Congress with a series of votes aimed at cutting spending and growing jobs.  At the top of Republicans' agenda was a contentious vote on repealing the health care law. They called off that vote in the House, originally scheduled for Wednesday, after Rep. Gabrielle Giffords and 19 other people were shot over the weekend by a lone gunman.   But a spokesman for House Republican Leader Eric Cantor told Fox News on Thursday that Congress will push ahead with "thoughtful consideration" of the bill next week. Several other House Republicans echoed the need for Congress to resume its agenda, having paused out of deference to Giffords and the families of the victims for a full week.   Read more..........

GOP to Act Quickly on Obamacare 1099 Repeal - Hot Air -  The new Republican majority will present an interesting test case for two of Barack Obama’s favorite claims of late with a push to repeal one of the worst problems in ObamaCare. With the President claiming to be pursuing bipartisanship and training a “singular focus” on job creation, the repeal of the 1099 requirement in last year’s bill gives Obama a chance to score on both points. Democrats blocked GOP efforts to resolve this issue in the final weeks of the 111th Session despite acknowledging that it had created big problems for small businesses (via the Boss Emeritus):  House Republicans have re-numbered the bill repealing the tax requirement as H.R. 4, signaling it will be one of their first pieces of business.  The bill would repeal language requiring companies, starting in 2012, to report all goods and services transactions valued over $600 to the IRS.  Read more........

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