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Six Million Middle Class American Families Will Pay an Obamacare Tax

Written by Gary North on September 21, 2012

The latest projection by the Congressional Budget Office is that six million American middle class families will pay at least $1,200 a year for not being insured. This will hit them in 2016, just in time for the next presidential election.

The estimate of six million is up 50% from the previous estimate.

You may recall that President Obama assured voters that this no-coverage fine would apply only to families earning under $200,000 a year. There are voters who believed him. Silly voters.

So, here’s the deal. Families will get hit with the fine because they have no insurance. That will force them to buy insurance. That’s supposed to force them to buy insurance. From whom? At what price? If they can’t buy it, then they wil pay the fine and still not be covered.

Nancy Pelosi was honest in her own unscrupulous way. She told the House that they could read the bill after they voted for it. That sounds preposterous, but since Congressmen never read the bills, her statement made sense. Here is her logic. “Since you won’t read it anyway, you might as well vote now. Not reading the bills never stopped Congress from passing all the other laws it has passed.”

The budget office said most of the increase in its estimate is due to changes in underlying projections about the economy, incorporating the effects of new federal legislation, as well as higher unemployment and lower wages.

Starting in 2014, the new health care law requires virtually every legal resident of the U.S. to carry health insurance or face a tax penalty. The Supreme Court upheld Obama’s law as constitutional in a 5-4 decision this summer, finding that the insurance mandate and the tax penalty enforcing it fall within the power of Congress to impose taxes. The penalty will be collected by the IRS, just like taxes.

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3 thoughts on “Six Million Middle Class American Families Will Pay an Obamacare Tax

  1. ObamaCare passed to the outrage of most Americans, yet Obama is still on course to win the next election. It is unbelievable that Romney, "a conservative", cannot overcome this. Now we see how weak he is.

    Our best hope is for a lame duck Obama presidency to prevent more damage.

  2. That's the only reason I can see for Mitt Romney, where it was decided long before the campaign season started that this empty suit was to be anointed candidate, the wishes of delegates and party rank-and-file be damned. He was packaged, sold and vetted before the first state caucus was held. When Bush Sr. ran for re-election against dark-horse Bill Clinton in '92 I had the same feeling about the muted responses and tepid campaigning of Bush 'Daddy', that he didn't want to be re-elected.

    Then I learned about Iran-Contra, guns-for-drugs, the Mena airstrip and it all became clear why Bush Sr. wouldn't go near a second term and why Clinton was the chosen one to hand off the Oval Office to.
    What proves we live in a n Alice-Through-The-Looking-Glass

  3. I didn't like Clinton after he went to Canada and became a draft dodger. He even took the pledge to defend our country and go to training for Vietnam assignment. He only got back into the United States by a pardon by President Carter.