Obamacare Tax Hikes: One Down, Twenty to Go [More Target Practice in Court]

ATR ^ | 2011-04-15 | John Kartch

[92nina]

...17. Tax on Health Insurers(Tax hike of $60.1 bil/takes effect Jan. 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993

18. $500,000 Annual Executive Compensation Limit for Health Insurance Executives(Tax hike of $0.6 bil/takes effect Jan 2013). Bill: PPACA; Page: 1,995-2,000

19. Employer Reporting of Insurance on W-2($min/took effect Jan. 2011): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957

20. “Black liquor” tax hike(Tax hike of $23.6 billion/took effect immediately). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

21. Codification of the “economic substance doctrine”(Tax hike of $4.5 billion/took effect immediately). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

Read more: http://www.atr.org/obamacare-tax-hikes-one-down-twenty-a6059#ixzz1Jzxhz2Yv

[92nina]

The Individual Mandate in still the keystone of the bill; repeal that and Obamacare becomes tolerable, so leave it to litigation, or repeal entirely and then replace.

Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Delicious and Stumbleupon