Now that Chief Justice John Roberts has upheld Obamacare’s individual mandate as constitutional because it’s a tax, it’s a good time for a reminder of all of the taxes included in the law. Americans for Tax Reform has a handy list of the taxes already in effect and those that will be phased in between now and 2018. The taxes come to more than $500 billion. But it will probably be much more than that when the full costs of this law are known, as Maggie pointed out.
In one year, the cost of ObamaCare has skyrocketed by $111 BILLION dollars – just one year, and they are still planning and adding and mandating.
None of this even takes into account what this will do to the economy.
Rush Limbaugh called this the largest tax hike in the history of the world.
So Obamacare is nothing more than the largest tax increase in the history of the world. And the people who were characterizing it as such were right and were telling the truth. We have the biggest tax increase in the history of the world right in the middle of one of this country’s worst recessions. In fact, as the vice president said yesterday, a depression for millions of Americans. The chief justice of the United States Supreme Court, John Roberts, said, “It is not our job to protect the people from the consequences of their political choices.” Not our job.
The editors of The Wall Street Journal concur, and remind us that this fight is now in the hands of voters:
It is now undeniable that Mr. Obama has imposed the largest tax increase in history on the middle class. Individuals who don’t buy insurance will have to pay several hundred dollars, depending on income. The Congressional Budget Office says that 76% of those who pay the mandate tax will make less than 500% of the federal poverty level, estimated to be $24,000 for a family of four in 2016. That means 76% of the payers will earn less than $120,000 a year.
So much for Mr. Obama’s promise not to raise taxes on anyone earning less than $200,000. And this initial mandate tax will only be a teaser rate when it becomes clear it isn’t nearly enough either to finance the bill or drive individuals to buy insurance. Millions will wait to buy insurance until they need expensive treatment, knowing they can always buy it when they show up at the hospital.
Meanwhile, the law’s new rules are already spreading through the health system—12,000 Federal Register pages and counting—and private insurance premiums are starting to climb as a result. Rates rose 9% last year, or by $1,200 for the average American family, and ObamaCare will send them higher. ObamaCare also forms over 150 new boards with power over the health markets, in particular an unaccountable bureaucracy run by 15 solons who will eventually decide on the treatments that patients are allowed to receive.
Also, see The Roberts Rules for more commentary on the SCOTUS ruling. Some conservatives on our side, like George Will, see the silver lining in all of this. I get where they’re coming from but I just disagree. So do the four dissenting Justices. Then again, Charles Hurt made some good points.
Though he shocked many by joining the left plank on the high court, Justice Roberts. pretty much did what he was supposed to do. He finally put a boundary on how much freedom the federal government can gobble up from states and individuals under the “commerce clause” — that most specious scheme for so much federal thievery.
Then he told President Obama and his kleptocrats in Congress that they can have their health care law, but they cannot keep lying about it. A tax is a tax and they are liars if they call it anything else. And they just stuck the crippled American taxpayer with one of the biggest, broadest, most regressive tax-hikes in history — and during a deep recession!
Finally, Justice Roberts turned to the bumbling, tongue-twisted and goofball opposition party — sometimes called the “Republican” party but usually called the “stupid” or “slow” party — and told them to man up, quit whining and fix the horrific mess that they are so much responsible for. They may have messed their diaper, but he’s not changing it for them.
OK, fine, maybe Republicans didn’t vote for Obamacare. Woo-hoo! And that got us, well, Obamacare anyway.
Yes, Republicans are nearly equally responsible for Obamacare because they set the stage perfectly for Mr. Obama’s unquestioned ascent to the White House and handed his kleptocrats complete control of Congress for the first two years of the Great Taxus Interegnum.
All we can do now is work hard to get conservative Republicans elected in November who will overturn this law and keep the pressure on them to get it done. Let’s not forget, Taxmaggedon is coming, too. If you think the economy is bad now, just wait and see what things look like if President Obama wins a second term and Democrats retain control of the Senate.
Oh, and for all of you who don’t believe President Obama lied about raising taxes, watch this video.