• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Home 20723
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Contact
  • More
    • Opinion
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Opinion

Obamacare will make every day feel like April 15th

Obamacare will make every day feel like April 15th
Chuck Muth
April 16, 2010

(Grace-Marie Turner) – New taxes on investments, taxes on medical supplies, taxes on drugs and health insurance, and taxes on you if you are just breathing… the list of taxes Americans will face just got a lot longer thanks to ObamaCare.

The health overhaul plan just enacted represents the largest tax hike in U.S. history — $569 billion over 10 years through a dizzying array of taxes and fees that promise to frustrate taxpayers at every turn. ObamaCare will make every day feel like April 15th.

And despite President Obama’s campaign promise that no one making $250,000 or less would see a tax increase, Congress’ Joint Committee on Taxation confirms that these tax hikes will hit millions of middle- and working-class families who are struggling to make ends meet.

Here are just a few of the most egregious ObamaCare taxes that hard-working Americans will be facing in the $2.6 trillion health overhaul bill:

• “Breath tax”: The infamous “death tax” now has a new sibling: the $17 billion “breath tax.” The new health overhaul law requires everyone in America who breathes to have health insurance by 2014; some will get subsidies, but most will have to pay a fine if they don’t buy the health insurance required by the federal government. Last week, Internal Revenue Commissioner Douglas Shulman said that enforcement of the individual mandate will come by seizing tax refunds and “collection, if need be.”

• Taxes on medical devices: Surgical scissors, wheelchairs, intravenous bags, dental retainers and braces, CT scanners, stretchers, exam room tables, heart stents, pacemakers, surgical gloves, spineboards at every local pool, scales at a doctor’s office or health club, any diagnostic test for any disease or condition -– all will be among the products and procedures subject to ObamaCare’s special $20 billion medical device tax beginning in 2013. This tax will make these medical supplies more expensive, will drive up the cost of health care and health insurance for Americans, will threaten jobs in the medical device industry, and confiscate money needed for new innovative breakthroughs.

• New Tax on Health Insurance Providers: Even though soaring health costs are the problem Americans most wanted government to solve, ObamaCare promises to drive costs even higher by instituting a new $60 billion tax on health insurers. Insurers and health plans can be expected to pass along this tax to policyholders through higher premiums. So starting in 2014, Americans will be forced to buy health insurance, and the federal government will be actively making it more expensive.

• Medicare Payroll Tax: Starting in 2013, ObamaCare increases the Medicare payroll tax for many small business owners and others earning more than $250,000 a year. This tax hike will place yet another burden on small business owners who the country needs to create jobs and lead the economy into recovery. This job-killing payroll tax is estimated to raise $86.8 billion over seven years.

• New Tax on Investment: In addition to the Medicare payroll tax hike, investment income will now be subject to a tax of 3.8% starting in 2013 for those in higher income categories. Even middle-class homeowners who realize a capital gain of $250,000 or more on the sale of their home will be hit by this Medicare tax, which will drain another $123.4 billion out of taxpayers’ pockets and into the government’s coffers over seven years.

• New Drug Tax: ObamaCare’s new tax on brand-name drugs kicks in next year and is estimated to raise $27 billion over nine years. The public can expect to have these costs passed on to them in the form of higher drug prices and higher insurance costs.

Simply put, this health overhaul plan will take at least $569 billion out of the pockets of taxpayers and businesses over the next ten years through new and higher taxes, and will make the problems of soaring health costs even worse. No wonder the more Americans hear about ObamaCare, the less they like it.

(Ms. Turner is president of the Galen Institute)

Prev postNext post

Related Items
Opinion
April 16, 2010
Chuck Muth

Related Items

More in Opinion

Amodei Statement on Debt Ceiling Bill

Chuck MuthJune 1, 2023
Read More

Tark: Trans “Rights” … and Wrongs

Chuck MuthMay 26, 2023
Read More

Stone: The Truth About AB 250: Will Patients Really Benefit?

NN&V StaffMay 26, 2023
Read More

“Ungrateful Miscreants”: Miller, Segerblom Insult Local Small Business Owners

NN&V StaffMay 24, 2023
Read More

Quarter-Million Dollar Ad Campaign Targets Nevada Legislators for Trapping Hispanic Families in Unsafe Schools

NN&V StaffMay 22, 2023
Read More

Nevada News & Views: May 20, 2023

NN&V StaffMay 20, 2023
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Muths truth

Copyright © 2023 Citizen Outreach | Maintained by VirtualAlly

Beware of Sandovals in Conservative Clothing
The TEA Party Effect