Obamacare=Higher Middle-Class Taxes

ObamaCare = Higher Taxes & Broken Promises

The Obama White House got slammed yesterday by two government agencies charged with analyzing the costs of ObamaCare. The Centers for Medicare and Medicaid Services reported yesterday that the healthcare “reform” legislation will not, as President Obama repeatedly promised, reduce healthcare costs. To the contrary, it will “increase national health care spending by $311 billion” over the next decade.

Previously, anyone who said that more government intervention would lead to higher costs was accused of making “bogus” and “wild” claims. But according to the Centers for Medicare and Medicaid Services, it was Barack Obama who was making bogus claims.

In addition, the Congressional Budget Office reported that fines stemming from the individual mandate would raise nearly $4 billion in tax revenue in one two-year period. But the CBO also noted that 76% of those affected by the individual mandate to purchase health insurance will make less than $120,000 a year.

As Senator Charles Grassley explained, “The mandate is a tax increase that hits middle-class America the hardest. And these people make less than $250,000, which breaks the president’s pledge to not raise taxes on individuals earning less than $200,000 and families earning less than $250,000 a year.”