{"id":16841,"date":"2012-12-26T06:41:50","date_gmt":"2012-12-26T11:41:50","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=16841"},"modified":"2012-12-26T06:44:28","modified_gmt":"2012-12-26T11:44:28","slug":"why-repealing-obamacare-is-still-a-good-idea","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=16841","title":{"rendered":"Why Repealing ObamaCare Is Still A Good Idea"},"content":{"rendered":"

As we approach the fiscal cliff and some of us realize that no matter what happens taxes<\/a> on all Americans<\/a> will be going up, we are forgetting what Obamacare<\/a> is going to do to our taxes. Before I go into the details, I would like to remind everyone that the Medieval surfs only paid 10 percent of their crops to the lord of the manor. They were allowed to keep more of the fruit of their labor than Americans are currently keeping.<\/p>\n

The Daily Caller<\/a> posted an article yesterday listing some of the new taxes that will be imposed by Obamacare. The new ‘taxes on the rich’ are expected to average approximately $700 billion over 10 years.<\/p>\n

The article lists some of these new taxes. Here are a few:<\/p>\n

Upper-income households. Starting Jan. 1, individuals making more than $200,000 per year, and couples making more than $250,000 will face a 0.9 percent Medicare<\/a> tax increase on wages above those threshold amounts. They\u2019ll also face an additional 3.8 percent tax on investment<\/a> income. Together these are the biggest tax increase in the health care law<\/a>.<\/strong><\/p>\n

Employer penalties. Starting in 2014, companies with 50 or more employees that do not offer coverage will face penalties if at least one of their employees receives government-subsidized coverage. The penalty is $2,000 per employee<\/a>, but a company\u2019s first 30 workers don\u2019t count toward the total.<\/strong><\/p>\n

Health care industries. Insurers, drug companies and medical device manufacturers face new fees and taxes. Companies that make medical equipment sold chiefly through doctors and hospitals<\/a>, such as pacemakers, artificial hips and coronary stents, will pay a 2.3 percent excise tax on their sales, expected to total $1.7 billion in its first year, 2013. They\u2019re trying to get it repealed.<\/strong><\/p>\n

The insurance industry<\/a> faces an annual fee that starts at $8 billion in its first year, 2014.<\/strong><\/p>\n

The article also lists pharmaceutical companies<\/a>, which are already paying fees; people who don’t have insurance, who will be fined; and people who use tanning salons. It is no wonder that the only gains in employment that have resulted from Obamacare are in the Internal Revenue Service<\/a>.<\/p>\n

The prospect of a fiscal cliff is looming right now. The prospect of a serious recession brought on by the taxes of Obamacare is also looming, but has somehow been lost in the shuffle. If America is to survive economically, we need a Congress who will deal with both in a way that is good for the country–not simply good for their re-election campaigns.<\/p>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

As we approach the fiscal cliff and some of us realize that no matter what happens taxes on all Americans will be going up, we are forgetting what Obamacare is going to do to our taxes. Before I go into … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[174,660,284,7,134,280,285],"class_list":["post-16841","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-daily-caller","tag-insurance","tag-internal-revenue-service","tag-obamacare","tag-patient-protection-and-affordable-care-act","tag-tax","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16841"}],"version-history":[{"count":9,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16841\/revisions"}],"predecessor-version":[{"id":16850,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16841\/revisions\/16850"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}