Obama says if we want to repeal ObamaCare, we should go for it. He better be careful. He may just get what he asked for.
During the 2008 campaign, Barack Obama made a pledge not to increase taxes on any households earning less than $250,000.
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increases,” the Illinois senator told a crowd in Dover, N.H. on Sept. 12, 2008. “Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”
During his address to the joint session of Congress in February of 2009, he repeated his pledge.
“If your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not a single dime,” the president said.
He lied again. How many times has he lied? Let’s count the ways (just with the health care bill).
All legal U.S. residents will be required to purchase health care beginning in 2014. The plan will require a single person to pay 2.5% of their income or $695 if they don’t purchase health care. If you make more than $30,000 you pay the 2.5%, if you make less, you pay $695. Either way, it’s an additional “health care” tax you were not paying before.
Businesses will be required to provide health care to all employees (even part-time) even if their revenues are below $250,000 per year. If the business does not provide the insurance, they will pay a tax of $750 per employee.
My wife runs her own business. I run my own business, together we will be paying much more than we were before this crap from ObamaCare hit the proverbial fan.
The old rules for HSA (health savings accounts) and FSA (flexible spending accounts) will no longer apply. Americans could use pre-tax dollars from those accounts for over the counter medicines. They will not be allowed any longer, which adds additional taxes to their income.
I could go on all day with each of the new taxes. It turns out there are more than a dozen of them, but then again, if you read the bill you already knew that.