“We did raise taxes on some things”
In fact, the Obama administration didn’t only raise some taxes, but many taxes.
See below the detail of the large list of taxes that the current administration raised, after promising that no tax increases would take place in order to fund Obamacare.
Individual Mandate Excise Tax (Jan 2014), Employer Mandate Tax (Jan 2014), Surtax on Investment Income ($123 billion/Jan. 2013), Excise Tax on Comprehensive Health Insurance Plans ($32 billion/Jan 2018), Hike in Medicare Payroll Tax ($86.8 billion/Jan 2013), Medicine Cabinet Tax ($5 billion/Jan 2011), HSA Withdrawal Tax Hike ($1.4 billion/Jan 2011), Flexible Spending Account Cap – aka“Special Needs Kids Tax” ($13 billion/Jan 2013), Tax on Medical Device Manufacturers ($20 billion/Jan 2013), Raise “Haircut” for Medical Itemized Deduction from 7.5% to 10% of AGI ($15.2 billion/Jan 2013), Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010), Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 billion/Jan 2013), Blue Cross/Blue Shield Tax Hike ($0.4 billion/Jan 2010), Excise Tax on Charitable Hospitals (Min$/immediate), Tax on Innovator Drug Companies ($22.2 billion/Jan 2010), Tax on Health Insurers ($60.1 billion/Jan 2014), $500,000 Annual Executive Compensation Limit for Health Insurance Executives($0.6 billion/Jan 2013), Employer Reporting of Insurance on W-2(Min$/Jan 2011), Corporate 1099-MISC Information Reporting($17.1 billion/Jan 2012), “Black liquor” tax hike (Tax hike of $23.6 billion, Codification of the “economic substance doctrine”(Tax hike of $4.5 billion).
Obamacare is not only bad news because of what it intends to do with the healthcare system — to build a centralized, government controlled medical scheme –, but also for the precedent it sets regarding what prerogatives the federal government is entitled to when it comes to addressing the healthcare system.
For example, the passage of Obamacare establishes the precedent that the federal government has the power to force you to buy private goods and services. No law had ever done that, and now the federal government may want to mandate that people’s access to other products or services be restricted, based on the approval by the Supreme Court of what it is known as the Affordable Care Act.
Obamacare is yet one more departure from from individual liberty and in the direction of a “nanny state” society, where the federal government decides what people can and can’t do.
So, Obama’s admission that he raised taxes on the poorest Americans in order to finance his healthcare plan does not come as a surprise, because Americans and the rest of the world have seen how Mr. Obama promises one thing and delivers a very different one.
Obamacare is ‘so great’, that Obama and the US Congress wanted to be exempted from it. And so they passed a rule to make themselves exempted from it. That’s your Democrat government at work with the help of some cowardly Republicans who will directly and indirectly supporting Harry Reed’s proposal to block debate and amendment proposals to improve healthcare.
But Obama has not failed on all his promises, because Obamacare is the first step to achieve what the US President promise he would do, to bring equality for everyone in the United States. The poor, the middle class and perhaps even the upper middle class will soon be equally poor.
If anyone is still doubtful about whether Obamacare is a good thing or a bad thing, please ask yourself the following question: What incentive is there for people to take care of themselves and their families if they have an ‘all mighty’ government to ‘give’ them everything ‘free’? There is none.
Despite all the demonstrated ways in which Obamacare will hurt Americans, some U.S. Senators have the audacity to say that the healthcare plan is great because it will, for example, boost preventive care which according to them begins with having a doctor available to do a check up once a year. That is why, no matter what kind of legislation is past to ‘reform’ healthcare, it will not do much more than empower the medical industrial complex.
Preventive care begins with education about nutrition, not with having a doctor with a sharp knife ready to cut off your arm when a melanoma appears on the skin. If U.S. Senators and Obama were really looking after their constituents and wanted to prevent disease through a healthcare plan, they would be making healthcare about real preventive care, not sick care, which is what the US has now and will continue to have under Obamacare.
Luis R. Miranda is the Founder and Editor of The Real Agenda. His 16 years of experience in Journalism include television, radio, print and Internet news. Luis obtained his Journalism degree from Universidad Latina de Costa Rica, where he graduated in Mass Media Communication in 1998. He also holds a Bachelor’s Degree in Broadcasting from Montclair State University in New Jersey. Among his most distinguished interviews are: Costa Rican President Jose Maria Figueres and James Hansen from NASA Space Goddard Institute. Read more about Luis.