Grappling with Obamacare taxes
Despite administration denials, it’s been well established that the Affordable Care Act is one large tax. Some estimates put the tax-hike count in Obamacare at 18. In fact, there’s barely anyone the law doesn’t tax; it hits doctors, state governments, insurance companies, consumers, device makers and pharmaceutical companies.
Consumers are already grappling with the individual mandate, and the tax it carries if they fail to buy health insurance. States are forking over $700 million in 2014 just to pay for the tax on new Medicaid health plans. And just a few weeks ago, an $8 billion tax on the insurance industry took effect.
There’s also, lest we forget, what some call the “implicit tax” of Obamacare. By making subsidies and free access available only to a select few, the rest of us middle-class Americans workers are footing the bill for benefits we’re not necessarily receiving. As a result, the country ends up with fewer jobs and less income.
Those are just a few examples of how President Obama’s signature legislative achievement is raising taxes across the board for most Americans. As conservatives discuss how to implement tax reform at the federal level, let’s not forget the role Obamacare plays.
The Affordable Care Act is too great a financial burden for our lawmakers to ignore it. Repealing Obamacare will be, on its own, a form of tax reform, and that’s something conservatives can’t forget as we continue to fight against Obama’s liberal agenda.
- 1- Fleming, John and Senger, Alan. Obamacare’s 18 New Tax Hikes. http://dailysignal.com 20 August 2012.
- 2- Galewitz, Phil. Who’s paying the new Obamacare tax? You. http://www.usatoday.com 30 August 2014.
- 3- Mulligan, Casey. The Massive Tax Increase Hidden Inside Obamacare. http://www.realclearmarkets.com 20 June 2014.