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Keyword: obamacaretaxes

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  • Obamacare to make filing income taxes a nightmare for many low-income taxpayers this year

    01/20/2015 7:29:29 AM PST · by servo1969 · 42 replies ^ | 1-20-2015 | Thomas Lifson
    There are gong to be many millions of newly befuddled, fearful, and angry taxpayers this April, hit with the consequences of Obamacare’s social engineering when they try to file their taxes in April. Many will suffer unexpected financial penalties and costs, especially those accustomed to filing under the simplified tax forms applying to straight salaried people with standard deductions. H&R Block is warning that “[n]o one can understand” the New Obamacare tax code requirements for filing this year. In fact, millions of people accustomed to filing the postcard-sized 1040EZ form will now have to file extremely complicated and detailed forms,...
  • It’s Not an Obamacare Tax: It’s an “Individual Shared Responsibility Payment”

    03/09/2014 7:06:43 AM PDT · by Kaslin · 27 replies ^ | March 9, 2014 | Michael Schaus
    Here’s your Orwellian Phrase for the Week: Individual shared responsibility payment. Yeah… Go ahead and try to wrap your brain around that amalgamation of contradictory concepts. The phrase is not gleamed from some glossy DNC spin-office, or a Harvard professor’s latest psychobabble posing as an academic paper. Apparently the phrase is the IRS’s fancy (new) term for the Obamacare Mandate tax that individuals will have to pay if they fail to get health insurance this year. As reported by Americans for Tax Reform: If you (or any of your dependents) do not maintain coverage and do not qualify for an...
  • D.C. Council Considering a New ObamaCare Tax; WashPost Buries Story on B4

    05/06/2014 10:23:27 AM PDT · by PoloSec · 3 replies
    News Busters ^ | May 6 2012 | Ken Shepherd
    Claiming that the District of Columbia's ObamaCare exchange is just too darn small in size to pay for itself, Mayor Vince Gray (D) is proposing the city council "approve legislation granting the District's exchange board broad new power to tax any health-related insurance product sold in the city -- regardless of whether it's offered on the exchange," Washington Post staffer Aaron Davis reported this morning.
  • Report: One Obamacare Tax Could Cost Up To 286,000 Jobs

    05/06/2014 7:40:22 PM PDT · by 2ndDivisionVet · 4 replies
    The Daily Caller ^ | May 6, 2014 | Sarah Hurtubise
    Just one of Obamacare’s many taxes could cost the U.S. hundreds of thousands of jobs over the next decade, according to an industry report published Tuesday. The National Federation of Independent Business projects that between 152,000 and 286,000 jobs will be lost by 2023 due to Obamacare’s health insurance tax. NFIB, a nonprofit association of business owners, actively supports the repeal of the tax. The health insurance tax has proved to be one of Obamacare’s more controversial fundraising measures. The tax targets insurance companies, charging each one proportional to their market share — the more health plans sold (Obamacare’s goal,...
  • How much will ObamaCare cost you in taxes?

    04/15/2014 6:04:43 PM PDT · by Jim Robinson · 27 replies
    FOX News ^ | April 15, 2014 | By Doug McKelway
    On this April 15, filers and accountants alike are finding a new array of taxes resulting from the president’s health care legislation. These include at least 20 ObamaCare-related tax increases totaling $409 billion over the next ten years, according to the Joint Committee on Taxation. The new taxes are especially irksome to ObamaCare opponents, because they are imposed by a law that passed on a straight party-line vote and are being enforced by an agency that some accuse of party favoritism. "I think it's rather unfortunate that the IRS has this huge role in the Affordable Care Act because it's...
  • How Obamacare Will Hurt Your Wallet All Year (Pelosi knew)

    03/05/2014 5:44:24 PM PST · by Libloather · 6 replies
    Money Morning ^ | 3/05/14
    Obamacare, and its barrage of over $1 trillion new taxes, is creeping into your paycheck. These taxes aren’t just affecting those who make over $250,000. The majority of these taxes are hurting the middle class. While these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens. "Many of those [hidden] taxes, especially those on hospitals, insurers and medical device manufacturers, will ultimately be passed on through higher health costs," said Michael Tanner, an expert on the healthcare law.
  • Survey: Medical device tax has cost tens of thousands of jobs

    02/22/2014 10:25:34 AM PST · by SeekAndFind · 11 replies
    American Thinker ^ | 02/22/2014 | Rick Moran
    But it's "only" 2.3%! How can such a tiny tax have such a large negative impact? That's the thinking of the excise tax supporters who think that the medical device industry can "easily afford" the tax (New York Times) and besides, they deserve it because they're "anti-competitive": A new survey says Obamacare's tax on medical device manufacturers has cost the industry about 33,000 jobs.In a report this week, the Advanced Medical Technology Association (AdvaMed) said companies cut about 14,000 workers and decided not to hire about 19,000 workers because of theThe report also said the 2.3 percent excise tax also...
  • The Taxation President

    01/30/2014 5:00:38 AM PST · by rootin tootin · 3 replies
    American Spectator ^ | 1/30/2014 | Peter Ferarra
    The President started last year forcing through sweeping tax increases. The top marginal income tax rate rose by nearly 20%, to punish the most successful for the anti-social acts of working too hard and producing too much. The capital gains tax rate was increased by nearly 60%, as was the tax on corporate dividends. America’s top marginal corporate income tax rate remains the highest among all developed world economies, close to 40% on average, given state corporate tax rates as well. But those punitive tax burdens are just not enough for President Obama, who should go down in history as...
  • What You Need To Know About Taxes In 2014: Expired Tax Breaks, Obamacare Penalties & More

    01/07/2014 1:50:09 PM PST · by Albion Wilde · 4 replies
    Forbes ^ | 01/05/2014 | Kelly Phillips Erb
    Tax season opens in 26 days. And here's my big prediction: a lot of taxpayers will be taken by surprise. Despite all of those "no new taxes" type promises, tax bills are expected to edge higher for a number of taxpayers for the 2013 tax year. And 2014 holds even more surprises. Here's a quick look at what to expect:
  • More New Taxes and Fees: How You’ll Pay for Obamacare in 2014

    01/03/2014 6:47:09 PM PST · by Innovative · 3 replies
    Heritage Foundation ^ | Jan 2, 2014 | Alyene Senger
    Obamacare contains 18 specific tax hikes, mandates, or penalties that cost Americans money, and three new ones take effect in 2014. This is only the beginning—watch how two of these taxes get worse in the years to come. The individual mandate is designed to strong-arm individuals into purchasing government-approved health insurance or facing a tax penalty....The mandate increases drastically in coming years, rising to $325 or 2 percent of income in 2015, and $695 or 2.5 percent of income in 2016—whichever is greater. ... We need health reform that works for Americans — not against them
  • Obamacare Taxmageddon 2014 is Here

    01/02/2014 10:34:46 AM PST · by Kaslin · 16 replies ^ | January 2, 2014 | Katie Pavlich
    When the Supreme Court ruled in June 2012 that Obamacare is a tax, they weren't kidding. Obamacare taxes and fees set to kick in this year are sure to put a dent in your wallet and in the economy. The folks over at the Heritage Foundation have put together a list of what's to come in 2014 to show you how you'll be directly paying for President Obama's signature legislation. 1. Individual Mandate Tax. The individual mandate is designed to strong-arm individuals into purchasing government-approved health insurance or facing a tax penalty. In 2014, the penalty for not purchasing insurance...
  • The Hidden Obamacare Taxes That Will Crush The Middle Class(news 4 those who chose not to read bill)

    11/14/2013 11:06:18 AM PST · by bestintxas · 31 replies
    moneymorning ^ | 11/14/13
    Get ready to be blindsided by a barrage of new taxes. $1 trillion worth... They'll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare. And they won't just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class. That's because while a majority of these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens. They include the investment income surtax, a Medicare payroll tax, even a "tanning tax" on those who utilize indoor tanning services. "Many of those [hidden]...
  • Pressure Grows For Repeal Of ObamaCare's Health Insurance Tax (Another $100 Billion)

    11/05/2013 2:10:23 AM PST · by 2ndDivisionVet · 9 replies
    Tax News ^ | November 5, 2013 | Mike Godfrey
    With the date of its imposition in the United States on January 1, 2014, drawing nearer, what President Barack Obama's Affordable Care Act (ACA) calls the health insurance provider fee, or, as it is known under its more general name, the health insurance tax (HIT), is arousing increasing opposition. Beginning in 2014, the ACA assesses a fee on health insurance providers that, across the industry, will total USD8bn, increasing to USD14.3bn by 2018, and then will continue to increase based on premium trends every year. The Joint Committee on Taxation (JCT) has estimated that the fee, which, it has said,...
  • The Hidden Obamacare Taxes That Will Crush The Middle Class (20 New ObamaCare Taxes)

    10/08/2013 4:58:38 AM PDT · by lbryce · 23 replies
    Money Morning ^ | October 8, 2013 | Staff
    Get ready to be blindsided by a barrage of new taxes. $1 trillion worth... They'll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare. And they won't just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class. That's because while a majority of these "stealth taxes" were designed to be taxes on businesses, they're actually transferred directly to ordinary citizens. They include the investment income surtax, a Medicare payroll tax, even a "tanning tax" on those who utilize indoor tanning services. "Many of those [hidden]...
  • Harry Reid: Obamacare medical device tax is 'stupid,' Democrats oppose it, and I'll fight to save it

    09/26/2013 11:18:54 AM PDT · by smoothsailing · 19 replies
    Washington Examiner ^ | 9-26-2013 | Byron York
    BELTWAY CONFIDENTIAL Harry Reid: Obamacare medical device tax is 'stupid,' Democrats oppose it, and I'll fight to save it BY BYRON YORK | SEPTEMBER 26, 2013 AT 2:08 PM House Republicans are considering attaching a provision to the government funding resolution that would repeal Obamacare's 2.3 percent tax on medical devices. It's widely viewed as a damaging and counterproductive levy affecting a leading American industry, and all Republicans oppose it. Most Democrats do, too. When the Senate held a non-binding test vote on repeal last March, the vote was 79 to 20. The majority favoring repeal included all 45 of...
  • Obama on Obamacare: “We did raise taxes on some things.”

    09/25/2013 11:45:50 AM PDT · by SoFloFreeper · 11 replies
    And by “some things,” he means uninsured families, medical devices, workplace flex accounts, small businesses, Health Savings Accounts, savings income... During his Tuesday remarks at the Clinton Global Initiative, President Obama admitted that his health care law raises taxes: “So what we did — it’s paid for by a combination of things. We did raise taxes on some things.” “Some things” is an understatement. Below is just a partial list of Obamacare’s new or higher taxes on Americans: Starting in tax year 2013: Obamacare Medical Device Tax: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare...
  • Harvard Health Policy Review on the IRS’s Illegal ObamaCare Taxes

    08/11/2013 9:35:58 AM PDT · by Kaslin · 10 replies ^ | August 11, 2013 | Michael F. Cannon
    In the just-released Spring 2013 issue of Harvard Health Policy Review, I have an article titled “ObamaCare: The Plot Thickens.” The article examines the IRS rule that purportedly implements ObamaCare’s tax credits, but actually violates that statute by taxing, borrowing, and spending hundreds of billions of dollars contrary to Congress’ explicit instructions. The article is a less-technical version of my Health Matrix article (coauthored with Jonathan Adler, “Taxation Without Representation: The Illegal IRS Rule to Expand Tax Credits Under the PPACA.”) Here’s an excerpt: In broad daylight, the Internal Revenue Service is attempting to tax, borrow, and spend [roughly] $800 billion—contrary to...
  • Braces for the Kids Just Got More Expensive: Obamacare Tax Hike Case Study

    01/11/2013 10:34:34 AM PST · by grundle · 10 replies
    Americans for Tax Reform ^ | January 11, 2013
    In 2013, the tax increases in Obamacare will increasingly conspire against kitchen-table family healthcare decisions. As just one example, below are some of the taxes that will impact the purchase of dental braces: Obamacare Medical Device Tax: As of Jan.1, Obamacare imposes a new tax of 2.3 percent on medical device manufacturers, including those who make dental braces. The tax is imposed on gross sales -- even if the company does not earn a profit in a given year. While the tax will be paid to the IRS by the manufacturer, the tax will be passed along as a higher...
  • Why Was a 2.3% ‘Medical Excise Tax’ Showing Up on Receipts from Sporting Goods Giant Cabela’s?

    01/05/2013 9:17:20 AM PST · by yoe · 54 replies
    The Blaze ^ | January 4, 2013 | Mike Opelka
    January 1, 2013 brought a host of new taxes, fees, and charges to the American people. Some of them were anticipated. Others, like the (Medical Device Excise Tax) (MDET), were not — at least not in this way. How so? Well, the MDET has started showing up on the receipts for purchases made at sporting goods giant Cabela’s. This receipt from one such store in Texas is making the rounds on the web. It shows an additional tax has been added to the purchase, after the local sales tax of nearly 10% was charged. [snip] What is a Medical Excise...
  • Medical companies brace for 'devastating' ObamaCare tax, prepare for layoffs

    The Obama administration earlier this year defended the medical device tax, saying companies actually stand to benefit from the law. lol
  • 18 Democratic senators revolt against Harry Reid on Obamacare tax

    12/13/2012 7:34:25 AM PST · by Beave Meister · 21 replies
    The Daily Caller ^ | 12/13/2012 | Patrick Howley
    Eighteen Democratic U.S. Senators and senators-elect sent a letter to Senate Majority Leader Harry Reid last week calling for a “delay in the implementation” of the medical device tax in Obamacare, the Wall Street Journal reports. The provision was an integral part of the version of the Obamacare law, which was passed in the Senate under Reid’s stewardship in 2009. It is set to take effect on January 1, 2013. An effort to repeal the provision failed in Congress in June. At the time, Reid characterized the proposed repeal as a Republican attack on Obamacare. “The medical technology industry directly...
  • Keeping Your Balance: 2012 and the end of the ‘Bush-era tax cuts’

    10/07/2012 7:56:40 PM PDT · by Behind Liberal Lines · 19 replies
    Copyright © 2012, The Daily Record. ^ | Posted: 1:13 am Fri, October 5, 2012 | By Burton S. Speer
    Without congressional action, at the end of 2012 the so-called “Bush-Era tax cuts” will expire, impacting nearly all taxpayers. Bush-Era tax cuts is the term generally used for the 2001 and 2003 Tax Reconciliation Acts. These changes were to last only 10 years, but a 2010 Tax Act extended the cuts until the end of 2012.... Let’s take a look at the following couple. They are doing well, having combined wages of $125,000. They have 2 young children, $2,000 of capital gains, and $500 of dividend income. Under current rules, they would have a federal income tax of $15,810. However,...
  • 100 Days Until Taxmageddon (largest tax hikes in the history of America)

    09/21/2012 9:11:22 AM PDT · by GrandJediMasterYoda · 55 replies ^ | 9/20/2012
    100 Days Until Taxmageddon Sunday will mark the start of the 100-day countdown to “Taxmageddon” – the date the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2013: First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for small business owners, families, and investors (later re-upped by President Obama and Democrat Congress in 2010). The following tax hikes will occur on January 1, 2013: Personal income tax rates will rise on January...
  • IRS Says "Don't Blame Us" When the Obamacare Small Employer Credit Flops

    09/14/2012 10:39:04 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-09-13 | Ryan Ellis
    On September 11, 2012, IRS Deputy Commissioner for Services and Enforcement Steven Miller testified before the House Ways and Means Committee about the IRS' implementation of Obamacare. One part of his testimony was actually fairly amusing: The IRS conducted an extensive outreach and implementation program for the Small Business Health Care Tax Credit. Shortly after the ACA [Affordable Care Act, aka Obamacare] was passed, the IRS determined the necessary steps to both implement the credit and track these efforts. The IRS conducted significant outreach, communication, and educational activities to inform small businesses and tax professionals about the credit. We created...
  • N.M. Senate Race Ad: Heinrich Too Extreme ( Obamacare taxes )

    09/05/2012 9:41:14 AM PDT · by george76 · 9 replies
    Weekly Standard ^ | Jul 24, 2012 | MICHAEL WARREN
    Republican Heather Wilson, a candidate for U.S. Senate in New Mexico, has a new ad criticizing her opponent, Democratic congressman Martin Heinrich, for voting twice for a medical device tax that Heinrich had noted himself would be bad for job creation. ... Wilson, a former member of the House, is running to replace retiring Democrat Jeff Bingaman in the Senate.
  • Illegal IRS Rule to Increase Taxes & Spending under Obamacare

    08/19/2012 6:26:32 AM PDT · by Kaslin · 21 replies ^ | August 19, 2012 | Michael F. Cannon
    The written testimony that Jonathan Adler and I submitted for the House Oversight Committee hearing on the Internal Revenue Service’s unlawful attempt to increase taxes and spending under Obamacare is now online. An excerpt: Contrary to the clear language of the statute and congressional intent, this [IRS] rule issues tax credits in health insurance “exchanges” established by the federal government. It thus triggers a $2,000-per-employee tax on employers and appropriates billions of dollars to private health insurance companies in states with a federal Exchange, also contrary to the clear language of the statute and congressional intent. Since those illegal expenditures will exceed...
  • Government Will Take Almost Half Your Paycheck in 2013

    08/18/2012 2:43:49 PM PDT · by radioone · 15 replies The Foundry ^ | 8-13-12 | Patrick Tyrrell
    How high is the marginal tax rate on each additional dollar the average American earns? In other words, if you got a raise of one dollar, how much of that dollar would be taxed away? These rates are already high, and they’re getting higher next year. A middle-class taxpayer’s income is subject to a 25 percent federal income tax. Then there is the federal Social Security and Medicare payroll tax of 13.3 percent in 2012—5.65 percent of that is removed from the employee’s paycheck, and the remaining 7.65 percent is paid by the employer. (In reality, the employee pays the...
  • What's a doc to do - The Times They Are A-Changing

    08/18/2012 11:36:19 AM PDT · by don-o · 90 replies
    Free Republic ^ | August 18, 2012 | astounded
    My wife of 32 years has been a general surgeon in private practice since 1985. She came up thought the Old Boys Network, when female surgeons were few. We went through graduate school and residency on the south side of Chicago for 5 years, giving up our young married life to a commitment to people. We lived in a one bedroom 800 square foot apartment behind Michael Reese Hospital, on 31st and King Drive, as minority white folks, sacrificing all for 80-120 hour workweeks (before PC got in the way and now the puss* surgical residents have limited hours). In...
  • The Left's Get-Rich-Quick Scheme: Tax the Middle Class

    08/18/2012 3:16:44 AM PDT · by Kaslin · 5 replies ^ | August 18, 2012 | Daniel J. Mitchell
    Every so often, you read something so ridiculously stupid and absurd that you assume that you’re being pranked. So you look to the date of the article to see if it says April 1. Or you look at the Internet address to see if it’s a parody of a real website. So when I read a column suggesting that the United States should become more like Italy, I thought this must be some sort of practical joke. After all, Italy is teetering on the edge of bankruptcy, kept afloat by bailouts and subsidies. Its economy is in the toilet, with...
  • FLASHBACK: Obama: Healthcare reform deficit neutral

    08/14/2012 5:29:10 PM PDT · by Libloather · 3 replies
    UPI ^ | 6/15/09
    Obama: Healthcare reform deficit neutralPublished: June 15, 2009 at 5:06 PM CHICAGO, June 15 (UPI) -- The $1 trillion, 10-year price tag for reforming the U.S. healthcare system is steep, but inaction will cost more, President Obama told physicians Monday. Obama touted his vision of healthcare reform before the American Medical Association's annual meeting in Chicago, saying providing affordable healthcare for all Americans "will come at a cost" but only in the short-run. "(Failing) to reform our healthcare system in a way that genuinely reduces cost growth will cost us trillions of dollars more in lost economic growth and lower...
  • Obama Conceded in 2009 that 1/3 of Obamacare Funding Is Taken from Medicare

    08/14/2012 12:03:34 PM PDT · by ColdOne · 10 replies ^ | 8/14/12 | Daniel Halper
    ABC's JAKE TAPPER: "One of the concerns about health care and how you pay for it -- one third of the funding comes from cuts to Medicare." BARACK OBAMA: "Right."
  • Obama Promised Not to Raise Taxes on Middle Class; He Lied

    07/28/2012 6:01:49 AM PDT · by Kaslin · 12 replies ^ | July 28, 2012 | Peter Ferarra
    When he was asking for our vote in 2008, then candidate Barack Obama famously promised the American people, "I can make a firm pledge. Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes." But as the Supreme Court has now authoritatively ruled, the Obamacare individual mandate, requiring workers to purchase the health insurance the government specifies each family must buy, is a tax. And that tax applies to the middle class and working...
  • The Right to National Bankruptcy

    07/18/2012 2:54:31 PM PDT · by BfloGuy · 1 replies
    The Mises Institute ^ | 18 July 2012 | Andrew Foy, M.D.
    People like me who believe the government should play a less active role in subsidizing healthcare costs are often asked the question "Do you believe healthcare is a basic human right?"While this is an important philosophical question to ponder, it often lends itself to unexamined answers and political demagoguery. The imprecise answer "yes" to this question by most governments around the world (including the United States) has served mainly to accelerate healthcare-cost growth and benefit the medical-industrial complex at the expense of the public. To appreciate this point, one must consider the reality of what having a right to...
  • Obama: “If you’ve got health insurance, you’re not getting hit by a tax” (Now he says it's a tax)

    07/15/2012 5:34:10 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 07/14/2012 | Ed Morrissey
    Is the individual mandate in ObamaCare a tax? No, said Nancy Pelosi. No, said DNC chair Debbie Wasserman Schultz, even if the IRS is the only agency that can enforce it. No, said Jay Carney, or at least, "it is not a broad-based tax."Of course, Mitt Romney called it a tax --- eventually. Yesterday, his opponent in the election weighed in on the issue, and … have we reached a consensus?CLICK ABOVE LINK FOR THE VIDEO OF OBAMA ADMITTING HE LIED TO US “By the way, if you’ve got health insurance, you’re not getting hit by a tax,” President Obama...
  • Obamacare Now Estimated to Cost $2.6 Trillion in First Decade

    07/11/2012 9:54:57 AM PDT · by Nachum · 21 replies
    Weekly Standard ^ | 7/11/12 | Weekly Standard
    The Republican side of the Senate Budget Committee will later today release the following chart, detailing the rising projected cost of President Obama's signature legislation, Obamacare: The latest estimate, as the chart details, is that Obamacare will cost $2.6 trillion dollars in its first real decade. The bill does not fully go into effect until 2014, therefore the estimate begins with that year. "President Obama promised a joint session of Congress in 2009 to spend $900 billion over ten years on his health care law: 'Now, add it all up, and the plan that I’m proposing will
  • Obamatax information needed

    07/11/2012 7:55:56 AM PDT · by Typical_Whitey · 24 replies
    I am retired USN and currently pay a small Premium to HUMANA for TRICARE PRIME this covers my family with medical insurance. Since I began working for my employer he has allowed me to keep the portion that he would have to pay for my healthcare insurance as incentive pay it works out to be about $2.50 per hour. How is this going to be impacted by Obamacare? Any references would be appreciated.
  • Obama Proposal Increases Tax Rates for All Income Brackets by 2014

    07/09/2012 8:43:10 PM PDT · by Olog-hai · 11 replies
    Cybercast News Service ^ | July 9, 2012 | Matt Cover
    President Barack Obama today proposed allowing the income tax rates enacted in the Bush tax cuts of the last decade to expire at the end of this year for people earning more than $250,000 and at the end of next year for everyone else. Under current law, the lower tax rates will expire at the end of 2012. Under Obama's proposal, they will expire at the end of 2012 for those making more than $250,000 and at the end of 2013 for Americans making less than $250,000. “At the same time, most people agree, we should not raise taxes on...
  • EXCLUSIVE - CADDELL: Taxes and Trust - The Achilles Heels of Obamacare and Obama, Part I

    07/09/2012 7:35:51 PM PDT · by MindBender26 · 22 replies
    Part One: The Opportunity The Political Cudgel--and the Embedded Nail The Supreme Court’s Obamacare-affirming decision--which can be summed up as “Read John Roberts’ lips, it’s a tax”--has put a political cudgel in the hands of Republicans. The cudgel, of course, is taxes. But a huge nail is also embedded in the cudgel: the fundamental deceit of Obamacare. Yet in the week since the Court’s decision, Republicans have yet to demonstrate that they truly grasp the significance of this weapon--or that they can effectively wield it. Why? Some Republicans are worried that the fight over Obamacare distracts from the issue of...
  • WSJ Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year

    07/02/2012 7:22:33 AM PDT · by Beave Meister · 7 replies
    Human Events ^ | 6/30/2012 | Jim Hoft
    Take Your Medicine, America… Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year.
  • ObamaTax At 13,000 Pages Of New Regulations—And Counting

    07/09/2012 10:58:50 AM PDT · by raptor22 · 12 replies
    IBD editorials ^ | July 9, 2012
    Big Government: Like King George III, ObamaCare has erected a multitude of new offices and sent hither swarms of IRS agents and regulators to harass our people and eat out their substance. A second revolution is needed. We paraphrase these words from the Declaration of Independence as a reminder of what spawned this country's independence — an oppressive governance that would give rise to the original Tea Party in Boston — and as a reminder of President Reagan's dictum that the demise of the liberty we fought for and cherish is never more than a generation away. The price of...
  • Taxing In More Ways Than You Know

    07/09/2012 6:53:11 AM PDT · by Kaslin · 6 replies ^ | July 9, 2012 | Charles Payne
    Watching the political talk shows this past Sunday was tougher than usual because of all the gloating. Yet, nobody really took time to explain to the audience the plan is a massive tax increase with initial estimates around $1.0 trillion but I'm sure it will move higher. How appropriate that on the eve of celebrating the birth of this great nation we are facing the issue of more taxes again. Every schoolchild learns about no taxation without representation and many learn about people like Founding Father Patrick Henry, whose opposition to the Stamp Act and "Give me Liberty or Give...
  • American Patriot Proves Obama Tax Pays For “Free” Illegal Alien Health Care

    07/08/2012 5:35:16 PM PDT · by Whenifhow · 4 replies ^ | July 7, 2012 | Unknown
    llegal aliens are already benefitting from Obamacare, courtesy of the American taxpayer. Henderson, Nevada (United States) (OFFICIAL WIRE) July 6, 2012 Barack Hussein Obama repeatedly stated that his health care law does not pay for illegal alien medical expenses. But American Patriot has proven the fact that illegal aliens and the special interest groups that represent them are cheering the Supreme Court decision to uphold Obamacare because it does exactly that. Marcelo Rivera, representing the group Latinos Para La Revolución (“Latinos for the Revolution”), told the Chicago Civil Rights Examiner, “The individual mandate was the most important part of the...
  • The Republicans' really, really big lie

    07/08/2012 8:16:40 AM PDT · by Kid Shelleen · 52 replies
    Philadelphia Inquirer ^ | 07/08/2012 | Dick Polman
    Politicians have been lying since the dawn of the republic. Calling them out is an exercise in futility, roughly akin to handing out speeding tickets at the Indy 500. But, every so often, a lie is so shamelessly brazen that it behooves us to bemoan it ---- snip--- But the GOP's new tax claim is in another league. So let's bridge the chasm between the lie and the truth: Obama's supposedly sweeping tax — his penalty for noncompliance — will be levied on a grand total of 1.2 percent of the American people.
  • Small business opinion: Health-care law imposes costs that will deter hiring

    07/05/2012 2:19:42 PM PDT · by tobyhill · 7 replies
    WASHINGTON POST ^ | 7/5/2012 | By Eric Basu
    While the Supreme Court’s decision upholding the Obamacare law may potentially benefit some people, this is not good news for me and other small businesses. To preface, health-care premiums for my business have risen as much as 20 percent in a single year. In the last two years, the increases have stabilized as we’ve become larger and more adept at seeking out cost effective plans. If I thought that this plan would result in decreased health-care premiums, I might support it, but there is no reason to think that it will do this. One of the main reasons health care...
  • Norquist: Obamacare = Obamatax. Re-electing Obama means higher taxes - permanently

    07/05/2012 5:38:03 PM PDT · by Innovative · 16 replies
    Washington Times ^ | July 4, 2012 | Grover Norquist
    Obamacare was supposed to "bend the cost curve down" but it has a tax on medical devices. What medical devices? Braces for your kids. A stent for your heart. A wheelchair. Obamacare has a tax on lifesaving drugs. Great - now our drugs will cost more. Obamacare raises taxes on making new drugs by $2.3 billion a year. And you will pay it. Your Flexible Spending Account is now going to be taxed... And this collection of 20 tax hikes are in addition to the tax increases Mr. Obama's election would trigger as the Republican tax cuts of 2001 and...
  • Five major ObamaCare taxes that will hit your wallet in 2013

    07/06/2012 2:51:16 AM PDT · by markomalley · 64 replies
    Fox News ^ | 7/5/2012 | John Kartch
    While the individual mandate tax gets most of the attention, the ObamaCare law actually contains 20 new or higher taxes on the American people. These taxes are gradually phased in over the years 2010 (with its 10 percent “tanning tax”) to 2018 (when the tax on comprehensive health insurance plans kicks in.) Six months from now, in January 2013, five major ObamaCare taxes will come into force: 1. The ObamaCare Medical Device Manufacturing Tax (snip) 2. The ObamaCare High Medical Bills Tax (snip) 3. The ObamaCare Flexible Spending Account Cap (snip) 4. The ObamaCare Surtax on Investment Income (snip) 5....
  • Emergency’ Rules Committee Meeting Called to Push Through ObamaCare Repeal

    07/05/2012 7:53:46 PM PDT · by afraidfortherepublic · 20 replies
    PJ Media ^ | 7-5-12 | PJ Tatler
    The House Rules Committee has scheduled an “emergency” meeting Monday evening to consider the Repeal of Obamacare Act. The meeting is considered an emergency because the bill has not even been introduced yet. Congress is on recess this week, set to return Monday. The bill “to repeal the Patient Protection and Affordable Care Act and health care related provisions in the Health Care and Education Reconciliation Act of 2010″ is sponsored by Majority Leader Eric Cantor (R-Va.). “The law imposes 21 new or higher taxes on American families and businesses, including 12 taxes on families making less than $250,000 a...
  • Lawyers Have Already Drafted 13,000 Pages of Regulations for New ObamaTax Law

    07/05/2012 12:28:05 PM PDT · by yoe · 51 replies
    Gateway Pundit ^ | July 5, 2012 | Jim Hoft
    With the Supreme Court giving President Obama’s new health care law a green light, federal and state officials are turning to implementation of the law — a lengthy and massive undertaking still in its early stages, but already costing money and expanding the government. The Health and Human Services Department “was given a billion dollars implementation money,” Republican Rep. Denny Rehberg of Montana said. “That money is gone already on additional bureaucrats and IT programs, computerization for the implementation.” “Oh boy,” Stan Dorn of the Urban Institute said. “HHS has a huge amount of work to do and the states...
  • The Obamacare Tax: Excise, High-Income...and Tanning?

    07/05/2012 8:35:21 AM PDT · by Chris in VA · 11 replies ^ | 7/5/12 | David Webb
    Even though the Supreme Court has said that the mandate is only constitutional under the Congress’s power to tax — which as I said here makes it a tax. The taxes I listed in the title are taxes. They are identified as taxes in the law and will be collected as a tax.
  • Surprise cost of Obamacare (No "surprise" here)

    07/05/2012 3:51:27 AM PDT · by tobyhill · 17 replies
    washington times ^ | 7/4/2012 | By Donald Lambro
    Million of Americans of modest means will pay more Several issues are being distorted in the wake of the Supreme Court’s contradictory, backdoor ruling that up-held President Obama’s health care law on a disputed word definition. Others are virtually absent from the discussion, such as who will pay the onerous penalty tax and what it will cost them if the uninsured refuse to obey Mr. Obama’s order to purchase medical insurance? It turns out, the court’s decision means Mr. Obama’s tax will fall most heavily on lower- to middle-income people whom he has vowed to shield from his proposed tax...