PreviewThe people shape their own destiny
-- either as free people or as slaves.

If they remain self-reliant, they stay free.
Ever expanding state power destroys lives.

Government panacea is a defective idea.
Email our servants:

President
Representative
Senator

Friday, June 29, 2012

"No family making less than $250,000 per year will see any form of tax increase."  9/12/2008 --  Barack Obama, speaking on his government control of health care initiative. 

~~~~~~~~

The Americans for Tax Reform organization publishes the full list of ObamaTax tax increases.  How many affect you?

1. Excise tax on charitable hospitals ($50,000 per hospital hike).
2. Codification of the “economic substance doctrine” ($4.5 billion tax hike).
3. “Black liquor” tax hike ($23.6 billion hike).
4. Tax on innovator drug companies ($2.3 billion).
5. Blue Cross/Blue Shield tax hike ($400 million).
6. Tax on indoor tanning services ($2.7 billion).
7. Medicine cabinet tax ($5 billion).
8. HSA withdrawal tax hike ($1.4 billion).
9. Employer reporting of insurance on W2.
10. Surtax on investment income ($123 billion).
11. Hike in Medicare payroll tax ($86.8 billion).
12. Tax on medical device manufacturers ($20 billion).
13. Raise haircut for medical itemized deduction ($15.2 billion).
14. Special needs kids tax ($13 billion).
15. Elimination of tax deduction for employer-provided retirement Rx drug coverage.
16. Annual executive compensation limit for health insurance executives ($600 million).
17. Individual mandate excise “tax”.
18. Employer mandate tax.
19. Tax on health insurers ($60.1 billion).
20. Excise tax on comprehensive health insurance plans ($32 billion).

~~~~~~~~

54%  of the public would like to see the ObamaTax/ObamaCare repealed.   Its a costly lemon, and a bad idea.  Its what you should expect from the president and Party which has proven unable to spend wisely.

No comments: