Understanding The Taxes Added Under Obamacare

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Obamacare was a 2,000+ page bill passed in the dead of night without anyone having read it.  We are just now finding out exactly what is in it.  The more I learn, the more I want the bill repealed.  I am not opposed to healthcare reform--I think we need it.  I am opposed to a government takeover of healthcare disguised as reform.  There are three basic things that could be done to improve health insurance for all Americans without a government takeover of healthcare.  They are very simple--tort reform, portability of health insurance across state lines, and tax credits for people buying health insurance.  I know that one of the concerns in passing healthcare reform was the people who could not afford health insurance.  That is a valid concern.  We also need to remember that there are many young people who simply do not see the need for health insurance.  They make up a large portion of the uninsured.  As far as not being able to afford health insurance, I posted an article (RightWingGranny.com) on December 10th of last year showing the impact of government tax policies and assistance policies on people at various income levels.  Please review the chart at the above link before you say too much about people who can't afford health insurance.  I am sure we can find a way to give them a tax credit to help them.

Anyway, the purpose of the above rant is to direct you to the website of Americans For Tax Reform.  On Friday they posted a list of all the tax increases written into Obamacare.  We now have passed the bill and found out what was in it, and it isn't good.  Please follow the link to see the detailed list. 

A few of the tax increases:

Excise Tax on Comprehensive Health Insurance Plans

Hike in Medicare Payroll Tax

Flexible Spending Account Cap - aka"Special Needs Kids Tax"

Tax on Medical Device Manufacturers

Tax on Indoor Tanning Services

Blue Cross/Blue Shield Tax Hike

Tax on Innovator Drug Companies

Tax on Health Insurers

You get the picture.  Please follow the link to the Americans For Tax Reform website to learn more.  Repeal is needed.  Repeal and replace is a really good idea.

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This page contains a single entry by Granny G published on January 16, 2011 9:11 PM.

Another Reason To Do Your Own Research When Hearing The News was the previous entry in this blog.

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