Thursday, August 9, 2012

Waiiiiit a minute!

Weren't we all promised that our taxes wouldn't be raised if we earned less than $200,000 per year?  That we could keep our health insurance if we wanted to?

Then what's up with this;

Lots of the noise is about the financial consequences for people who decline to get coverage and businesses that don't offer their workers an adequate health plan. Some 4 million individuals without insurance are expected to pay about $55 billion over eight years, according to the Congressional Budget Office's estimates. Employers could be dinged an estimated $106 billion for failing to meet the mandate, which starts in 2014.
But that mandate money, whether it's called taxes or penalties, is overwhelmed by other taxes, fees and shrunken tax breaks in the law. These other levies could top $675 billion over the next 10 years, under the CBO's projections of how much revenue the government would lose if the law were repealed.
The biggest chunk is in new taxes on the nation's top 2 percent of earners - some $318 billion over a decade.
But $318b is less than half of $675b. 
Other major taxes are aimed at the health care industry, and some of that cost is sure to be passed along to consumers as higher prices.
Ohhhh.  Obama lied...people will be pried loose (of a lot more than their spare change).

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