Go to dontfundit and sign the petition! According to the Congressional Budget Office, an estimated "7 million people will lose their employer-provided health insurance at the end of the year," which means they will "likely soon be paying $1400 a year (minimum) in mandated taxes (the level set by the Supreme Court), and those costs will rise dramatically over the next few years, according to the current schedule." This, according to Mauldin, is a "huge" and "vicious" "lower-middle-class tax increase" that "comes in the middle of the slowest recovery on record." For instance, "young people who have no insurance and are making more than $10 an hour will be paying about $1300 a year, or close to 10% of their after-tax income." Mauldin concedes that Obama did not intend to deliberately harm the economy by championing Obamacare, but it is nonetheless a significant stealth tax increase that has dealt a significant blow to the economy in the "real world where you and I live."
Posted on: Mon, 05 Aug 2013 13:13:54 +0000
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