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The ObamaCare Tax Hidden in Plain Sight
Investor's Business Daily ^ | 12/8/2014 | John Merline

Posted on 12/09/2014 6:35:06 AM PST by IBD editorial writer

ObamaCare's individual mandate penalties were supposed to encourage people to buy insurance. But it turns out that the penalties amount to a regressive tax that hits lower-income families the hardest.

That's the conclusion of the Minnesota-based Citizen's Council for Health Freedom (CCHF), which found that low-income couples who don't buy an ObamaCare plan will end up paying a far greater share of their income in penalties than those making twice as much.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: individualmandate; obamacare; penalty

1 posted on 12/09/2014 6:35:06 AM PST by IBD editorial writer
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To: IBD editorial writer

And they will still have the same amount of “coverage”.


2 posted on 12/09/2014 6:37:14 AM PST by kevslisababy
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To: IBD editorial writer

Who, here, didn’t see the unintended consequences of Obamacare? I hate being called ‘stupid’ by Gruber, when we were well informed as to the results of such a government take over of health care.
Next, the private institutions will start to fall like dominoes, only to be taken over by the ‘heroic’ government officials sent in to save us!
No one is worried by the Death Panels of the Independent Payment Advisory Board (IPAB). They are all powerful and unchallengeable by anyone.
Prepare accordingly.


3 posted on 12/09/2014 6:44:12 AM PST by griswold3 (Just another unlicensed nonconformist in am dangerous Liberal world.)
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To: IBD editorial writer

Already posted here:
http://www.freerepublic.com/focus/f-news/3235285/posts


4 posted on 12/09/2014 6:53:41 AM PST by Repeal The 17th (We have met the enemy and he is us.)
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To: IBD editorial writer

“In a discussion with Fox News’ Neil Cavuto, Judge Andrew Napolitano explains why Gruber’s scheduled appearance before Rep. Darrell Issa’s Oversight Committee could present more than a further political problem for President Obama and his allies who support ObamaCare.

The Senior Judicial Analyst for Fox News says Gruber’s testimony will result in a serious legal problem if it’s revealed that Justice Department officials were aware of the deception and misled the Supreme Court — leading to the high court’s controversial 2012 ruling upholding ObamaCare.

“If the court relied on a trick that was put in the document in order to trick the court, they will want to reexamine their decision immediately.”

You can watch Judge Nap’s argument regarding Jonathan Gruber’s testimony and the future of ObamaCare by clicking on the video above.

http://www.westernjournalism.com/watch-judge-nap-just-revealed-obamacares-gruber-might-tell-congress-destroy-law/


5 posted on 12/09/2014 7:07:08 AM PST by KeyLargo
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To: KeyLargo

Outstanding.


6 posted on 12/09/2014 7:10:03 AM PST by Lee'sGhost ("Just look at the flowers, Lizzie. Just look at the flowers.")
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To: IBD editorial writer

Hey maybe chief justice Roberst would be interested in this one, what say you turncoat bobby?


7 posted on 12/09/2014 7:14:35 AM PST by ronnie raygun (Empty head empty suit = arrogant little bastard)
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To: IBD editorial writer

ObamaCare is a pretend you can pay for it scam it’s the old socialists game take from the haves to pay for the have nots and call it a good thing.


8 posted on 12/09/2014 8:43:27 AM PST by Vaduz
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To: IBD editorial writer
My wife's aunt just told her she had to drop her insurance for the first time as an adult because of the drastic increase in costs.
My wife had a 300% increase in cost and my son pays well over 200% at 6 years old of what he paid before obamacare.
I had to drop, will pay cash and pay the fine because of the high costs which are impossible to afford. Not to mention the deductibles which in the end make you pay like you have no insurance anyway.
9 posted on 12/09/2014 10:24:41 AM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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