"Hidden"ObamaCare Taxes Crush The Middle Class
"I Don't Mind A Parasite. I Object To A Cut-Rate One."
Last comment by sebekm 7 months, 3 weeks ago.

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While the Democrats furiously spin the Healthcare.gov web site woes as "fixed," and those Democrat politicians facing reelection in 2016 frantically try to distance themselves from President Obama's "signature legislation," it is important to be able to get past the smoke and mirrors and actually see what this massively flawed train wreck will do to the economy of this country and to the "vast majority" of the middle class.

An article published at lifestylejournal.com does this very nicely. As they point out:

"Get ready to be blindsided by a barrage of new taxes. $1 trillion worth…

They’ll be coming courtesy of the Affordable Care Act, otherwise known as Obamacare.

And they won’t just be affecting those who make over $250,000. The bulk of these taxes will be passed on directly to the middle class.

That’s because while a majority of these “stealth taxes” were designed to be taxes on businesses, they’re actually transferred directly to ordinary citizens.

They include the investment income surtax, a Medicare payroll tax, even a “tanning tax” on those who utilize indoor tanning services.

“Many of those [hidden] taxes, especially those on hospitals, insurers and medical device manufacturers, will ultimately be passed on through higher health costs,” said Michael Tanner an expert on the healthcare law.

In fact, analysts estimate Obamacare will cost the average taxpayer nearly $6,000 in extra taxes as early as next year.

Many of the Obamacare taxes are already in effect, others will hit January 1 2014. But they are already infuriating millions of Americans.

While even Obamacare detractors applaud the requirement that insurance companies cover pre-existing conditions and put a stop to lifetime caps on benefits, they say these laudable benefits don’t compensate for the bills high cost – especially in new taxes.

According to most experts, Obamacare will create a total of twenty new taxes or tax hikes on the American people.

In fact, the Obama administration has already given the IRS an extra $500 million to enforce the rules and regulations of Obamacare.

The new taxes don’t bode well for millions of middle-class Americans. Incomes for the rich have soared this decade but middle class workers have seen their wages stagnate and even drop since the 2008 Great Recession.

Many fear Obamacare with its high insurance costs and new taxes, could provide the middle class a fatal blow.

Of course, the Obamacare plan was primarily designed to decrease the number of uninsured Americans and reduce healthcare costs.

Many experts are saying it will have the exact opposite effect.

That’s just one of the reasons why Republicans hope to defund Obamacare before January.

They claim that the taxes and costs needed to pay for Obamacare will crush the middle class and most U.S. taxpayers, as well as trigger job losses in affected industries.

Tax experts say you should try to estimate how much you will have to pay when the law goes into full effect – and take precautions to limit the damage to your bottom line."

For the entire article, see: http://lifestylejournal.com/the-hidden-obamacare-taxes-that-will-crush-the-middle-class/?aff=1169&sub=taaMoneym&pub=breitbartcom

Latest Activity: Dec 04, 2013 at 1:40 PM

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PoliticsNation commented on Wednesday, Dec 04, 2013 at 14:01 PM

There was a time when the House of Representatives didn’t hold the Nation hostage to extract every concession they could from the Middle Class. Penalizing them and decrying them for simply being part of the working class. The Republicans want more and more concessions from the Middle Class as Corporate America has dramatically increased its cash piles over the past few years, stashing more and more dollars every year since 2007. In 2012, U.S. non-financial companies filled their coffers with an additional $130 billion, taking their total cash to a record $1.45 trillion as the economy has stagnated and the labor market has moved sideways. At the same time U.S. firms hoard 58% of their cash, or $840 billion, overseas according to Forbes Magazine.

sebekm commented on Wednesday, Dec 04, 2013 at 14:06 PM

Obfuscate and change the subject, but the TRUTH is being seen for what it is. The Republican core constitute less than 30$% of the electorate in this country. Mr. Obama's approval - especially on health care - has dropped below 40% in many recent polls. That means that another 30% - the moderates and independents who voted for Obama in 2008 and 2012 - are starting to FEEL the effects of the President's policies, especially on health care. This "middle class" can be fooled, but eventually they "get it" when it hits them in the pocketbook and household budgets are killed.

Health care reform was necessary. WE THE PEOPLE are learning that ObamaCare is the WRONG ANSWER.

HMJC commented on Wednesday, Dec 04, 2013 at 16:12 PM

That has been one of my points of contention from the get go. Healthcare does need to be structured to provide not just accessability but affordability. Putting forth criticaly flawed legislation is not and never has been the answer. Supporting good intentions in no way makes a pile of Doo-Doo smell any better. Nor does hoping it will get better does not make it any better. PN, I appriciate your commitment but it does befuddle me that it seems your choose to ignore the overwhelming negative FACTS. This has nothing to do with what side of the party you fall on; it has to do with the flawed legislation and the damage it will cause for decades.

sebekm commented on Wednesday, Dec 04, 2013 at 16:49 PM

HMJC - so true. The administration is just putting lipstick on a pig, but in the end we all know what it is. The plummeting polls are not "lies" or "talking points." They reflect real experiences by millions of voters who were initially just disillusioned by the failed campaign promises and the lack of Change We Can Believe In, but who have now GOTTEN MAD about the lies that falsely reassured them that they would have a better deal under ObamaCare.

Look - Obamacare was designed to help President Obama's - and the Democrats - constituency. PERIOD. They knew three years ago that a "vast majority" of moderates, independents, and Republicans would be hurt financially and by limited choices because of this program, but they gave up the rest of us to "take care of their own." Well - one thing they forgot was that it wasn't their own that put them in the White House and in the majority of the U.S. Senate. The rest of us are going to speak LIMA CHARLIE next November. You can see this in all the polls which show that support by young people, women, just about everyone other that the Dems core constituencies have dropped to under 40% or worse.

I've watched political polls for more than 40 years and I pay close attention not only to what they predict, but to the actual outcomes. These current polls reflect EXACTLY what I saw when the numbers of Richard Nixon, Jimmy Carter, Bush The Elder, and Bush the Younger went south. Once the people think they've gotten screwed, lied to, or that the bait-and-switch has been used on them, the poll numbers NEVER recover. All presidents have their detractors and their loyal opposition, but the surest way to embolden them and give them the upper hand is to show the kind of arrogance this president has shown.

ObamaCare continues to be the gift that keeps on giving for the Republicans.

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