The Largest Middle Class Tax Increase in American History
So let us make sure we have this right…
President Obama in the middle of the night (with back room deals and by only one vote), passed a socialized form of Government Run Health Care. For the first time in our history, Americans are forced to purchase a product and will be taxed if they don’t.
The goal is to cover ten million more citizens without adding a single new doctor that will lead to rationed care, long waits and no recourse if denied care. But, they are adding 16,000 new IRS agents that they must prove to that they have purchased a health care plan. The IRS will require a couple to pay the higher of a base tax of $1,360 per year, or 2.5% of adjusted growth income starting with lower base tax and rising to this level by 2016. Individuals will see a base tax of $695 and families a base tax of $2,085 per year.
The bill was written by a chairman that says he doesn’t understand it, passed by a Congress that didn’t read it but exempted them-selves from it, signed by a President who lied and said it wasn’t a tax, and with the funding administered by a treasury chief who didn’t pay his own taxes. Because of the Democrats bond with Trial Lawyers… Tort (Lawsuit) Reform is not included in the plan.
Americans will be taxed for four years before any benefits take effect by a government which has already bankrupted Social Security and Medicare and can’t even run the Postal Service, but want to control Health Care. There are 20 new taxes hidden within the bill with seven of these taxes being levied on all citizens regardless of income.
The President has increased the national debt more than all the other presidents before him combined. Thirty cents of every tax dollar collected now goes to pay interest to China. The CBO (Non-partisan Congressional Budget Office) has recently announced that ObamaCare will add to the national debt. It is projected to cost $1.76 trillion over a decade, a hefty sum that is much more than the $940 billion estimated when the legislation was signed into law.
And we thought we had problems with King George… May God Bless America!
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