Obamacare Tax Increases For All!

A firm pledge. No tax increase of any form. That was before The Change.

NEWS: Comprehensive List of Tax Hikes in Reid-Obama Health Bill UPDATED

Individual Mandate Tax (Page 324/Sec. 1501/$15 bil/Jan 2014)

Employer Mandate Tax (Page 348/Sec. 1513/$28 bil/Jan 2014)

Excise Tax on Comprehensive Health Insurance Plans (Page 1979/Sec. 9001/$149.1 bil/Jan 2011)

Employer Reporting of Insurance on W-2 (Page 1996/Sec. 9002/Min$/Jan 2011)

Medicine Cabinet Tax (Page 1997/Sec. 9003/$5 bil/Jan 2011)

HSA Withdrawal Tax Hike (Page 1998/Sec. 9004/$1.3 bil/Jan 2011)

FSA Cap (Page 1999/Sec. 9005/$13.3 bil/Jan 2011

Corporate 1099-MISC Information Reporting (Page 1999/Sec. 9006/$17.1 bil/Jan 2012)

Excise Tax on Charitable Hospitals (page 2001/Sec. 9007/Min$/immediate

Tax on Innovator Drug Companies (Page 2010/Sec. 9008/ $22.2 bil/Jan 2010)

Tax on Medical Device Manufacturers (Page 2020/Sec. 9009/$19.2 bil/Jan 2010)

Tax on Health Insurers (Page 2026/Sec. 9010/$59.6 bil/Jan 2011)

Eliminate tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D (Page 2034/Sec. 9012/$5.4 bil/Jan 2011)

Raise “Haircut” for Medical Itemized Deduction from 7.5% to 10% of AGI (Page 2034/Sec. 9013/$15.2 bil/Jan 2013)

$500,000 Annual Executive Compensation Limit for Health Insurance Executives (Page 2035/Sec. 9014/$0.6 bil/Jan 2013)

Hike in Medicare Payroll Tax (Page 2040/Sec. 9015/$86.8 bil/Jan 2013)

Blue Cross/Blue Shield Tax Hike (Page 2044/Sec. 9016/$0.4 bil/Jan 2010)

STRICKEN: Tax on Cosmetic Medical Procedures (Page 2045/Sec. 9017/$5.8 bil/Jan 2010)

REPLACED BY: Tax on Indoor Tanning Services (Page 373 of Manager’s amendment/$2.7 billion/July 1, 2010)

Those tax increases make this legislation very, very expensive!

Do US citizens have piles of spare cash just lying around that they don’t know what to do with? NO PROBLEM! Obama, Reid and Pelosi to the rescue! The will spend it for you!

Obama knows what is bad for the economy.

Obama: Tax Hikes, Spending Cuts Wrong For Economy

TAX HIKES WRONG FOR THE ECONOMY.  Perhaps he wants to do what is wrong for the economy? He doesn’t care? He doesn’t realize he is doing the opposite of what he is saying? He doesn’t have a clue? I don’t know what the explanation is.

Government Spending

And let us not forget that unemployment is so low, the economy is just so smokin’ hot that we have oodles of spare cash just waiting for some failed presidential candidate to give away for us:

Clinton: U.S. Ready to Join $100B Climate Aid Fund

Secretary of state says the U.S. would support a global fund of $100 billion a year to help developing nations deal with climate change.

The United States extended a $100 billion carrot to the rest of world Thursday, when Secretary of State Hillary Clinton told reporters in Copenhagen the United States is willing to commit up to $10 billion a year by 2012, and would support a global fund of $100 billion a year to help developing nations deal with climate change, provided the nations here are willing live up to the ‘transparency’ demanded by the U.S.

Well, here is a question for you boys and girls, where is that money going to come from?

The tax increases of the Reid plan on ObamaCare

What do the Reid and Pelosi plans for ObamaCare have in common?  Taxes, taxes, taxes — and Keith Hennessey breaks them down for us this morning.  The Joint Committee on Taxation identified six major new taxes or tax increases that will, according to Harry Reid, suck more than $370 billion out of the economy

Here is another question. Obamacare taxes the dickens out of us for three years before the “benefits” spending kicks in. It does that so the projected “cost” of the first 10 years look better on paper .Since the Socialist Democrats insist that spending is good for the economy, (hence the “stimulus plan”) what happens when money is sucked out of the economy for three years and it isn’t spent?

Think about it. There will be a test. The next one is on 11-2-2010 at your local voting booth.

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