Friday, June 29, 2012

Obamacare - #4013 - 21 Tax Increases Coming in Obamacare - Washington Times

...........“It will be a short-lived celebration in the White House,” said Republican pollster Whit Ayres. “Obama now goes into the fall campaign defending a law that most Americans think will increase their health care costs, their premiums, their taxes and the deficit. He also has to defend raising taxes on all Americans, which he pledged not to do.” Sen. Mike Lee, Utah Republican and a member of the tea party caucus, said Mr. Obama’s victory will be “fleeting” and argued that most Americans didn’t like the law’s individual mandate in the first place. “They’ll like it even less when they understand it’s a tax,” Mr. Lee said on Fox News. The high court’s ruling leaves in place 21 tax increases in the health care law costing more than $675 billion over the next 10 years, according to the House Ways and Means Committee. Of those, 12 tax hikes would affect families earning less than $250,000 per year, the panel said, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers and an excise tax on medical-device manufacturers. “This is a clear violation of the president’s pledge to avoid tax hikes on low- and middle-income taxpayers,” said a statement from the panel, which is chaired by Rep. Dave Camp, Michigan Republican.  Read more......

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