By now, we all know the U.S. Supreme Court upheld the individual mandate portion of Obamacare by declaring it a “tax.” This is, in essence, a declaration that the federal government now has unlimited power to force consumers to spend some (or even all) of their take-home pay on various products, services or even intellectual property that they have no interest in buying in the first place.
It’s also the largest tax increase in the history of the United States. By upholding Obamacare’s individual mandate as a “tax,” Chief Justice Robert just labeled President Obama the largest tax increase President in the history of the country!
And yet President Obama himself declared the individual mandate was NOT a tax.
Obama Denied This Was a TAX!
And here’s the transcript of his interview with George Stephanopoulos:
But now, of course, Chief Justice Roberts has declared it IS a tax, after all. Thus, Obama’s key legislative achievement has become the single greatest legislative deception in the history of America.
How much will this new tax cost you? The Washington Post has published a handy online calculator:
It shows that the new tax begins in 2014, then ramps up to its maximum penalty at 2016, at which point you are taxed year after year until you cave in and buy into the monopoly Big Pharma health insurance scam. This is, for the record, the largest tax increase in history. And it’s for a system of medicine which is a Big Pharma monopoly that doesn’t even give consumers the freedom to choose natural medicine or alternative therapies!
21 new taxes on Americans
The high court’s ruling leaves in place 21 tax increases in the health-care law costing more than $675 billion over the next 10 years, according to the House Ways and Means Committee. Of those, 12 tax hikes would affect families earning less than $250,000 per year, the panel said, including a “Cadillac tax” on high-cost insurance plans, a tax on insurance providers, and an excise tax on medical device manufacturers. (http://www.washingtontimes.com/news/2012/jun/28/republicans-ruling-fo…)
Now that Obamacare’s penalty is a “tax,” not a “fee,” Mr. Obama is breaking a 2008 campaign pledge not to raise taxes on Americans earning less than $250,000. This new “tax” will hit across the economic spectrum, despite his campaign declaration that health care should “never be purchased with tax increase on middle-class families.” Now, Mr. Obama and congressional Democrats have enacted the largest tax increase in history.(http://www.washingtontimes.com/news/2012/jun/28/curl-roberts-to-the-r…)
Health insurance premiums will soar
Obamacare is going to absolutely shred the infrastructure of our medical system, it is going to send health insurance premiums soaring, it is going to dramatically expand the size and the scope of government, it is going to fundamentally alter the relationships between doctors and their patients and it is one of the largest tax increases in U.S. history. Not only that, it is also going to add about a trillion dollars to our national debt over the next decade. So no, the Obamacare decision is not good news. Obamacare was one of the worst pieces of legislation in American history, and now we are stuck with it.