ObamaCare contains 19 different tax increases

When a piece of legislation reaches over 2,700 pages, it becomes pretty likely (if not a certainty) that it will contain lots of things that most people aren't aware of.  And you can pretty well increase those odds in inverse proportion to how fast the bill's proponents are trying to push it through.  So it is with ObamaCare.

A new analysis of the massive legislation by ATR shows that it contains over nineteen tax increases.  Yes, tax increases.  Big government is not a free lunch, remember.

Of course the President and the Democrat leadership have spent all their time talking about who's going to get insurance, and how it will be a great thing for the latest hard case they hold up as a public relations prop to push the bill, but they fail to speak at any length about any hardships brought on by the increases in taxes to pay for the monstrosity, (to say nothing of lost liberties, choices, higher debt, bigger federal government, etc.).

Here's s summary of some of the taxes in the bill:

  • Individual Mandate Excise Tax
  • Employer Mandate Tax
  • Excise Tax on Comprehensive Health Insurance Plans
  • Hike in Medicare Payroll Tax
  • Medicine Cabinet Tax
  • HSA Withdrawal Tax Hike
  • Flexible Spending Account Cap - aka "Special Needs Kids Tax"
  • Tax on Medical Device Manufacturers
  • Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI
  • Tax on Indoor Tanning Services
  • Blue Cross/Blue Shield Tax Hike
  • Tax on Innovator Drug Companies
  • Tax on Health Insurers
  • Elimination of tax deduction for employer-provided retirement Rx drug coverage
  • Employer Reporting of Insurance on W-2 (Preamble to taxing health benefits on individual tax returns)

(You can see details and page number references on these items here)

Oh, it also will result in the hiring of 12,000 NEW IRS agents, (you know, that whole "compliance" thing with the new insurance mandates).

Again, these are just some of the surprises in this massive bill that the vast majority of the American public has no idea about.  And in spite of that, they're still overwhelmingly against the bill.  Which gives you a pretty good idea why politicians like to do things like this in big bills few people will read.

 

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