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Thursday, August 23, 2012

Read My Lips: 18 New 'Obamacare' Taxes

Don't worry, the 'fiscal cliff' will all be taken care of; have no fear, the market AAPL will hold up into the election to sustain Obama's hope-and-change; and, as The Heritage Foundry blog [5] reports, in that change, there are 18 new tax hikes on their way via Obamacare.

Not only did the President and his partners in Congress take $716 billion out of Medicare to pay for Obamacare, but they also raise taxes by $836.3 billion to pay for it, with $36.3 billion hitting Americans in 2013 alone. Here’s the Congressional Budget Office [6] (CBO) and Joint Committee on Taxation [7]‘s (JCT) updated cost of the Obamacare tax hikes and penalties.

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