Following the sequester debacle in which Obama and his cohorts were swiftly found to be lying through their teeth, his polling numbers have begun to fall and, folks you ain’t seen nothing yet.
As the realities and costs of the Affordable Healthcare Act—Obamacare—kick in, when he leaves office, he will be remembered for inflicting pain and suffering on Americans.
As the various aspects of Obamacare become active, the impact on everyone will reduce their income and increase their costs. In retrospect it will be seen as the largest poison pill any President or political party ever swallowed. Recall that Obamacare was passed December 24, 2009, Christmas Eve, by a straight Democrat party vote, none of whom had even read the legislation.
The House passed the bill with a vote of 219 to 212 on March 21, 2010, with 34 Democrats and all 178 Republicans voting against it. At 2,000-plus pages, it has now been joined by thousands of pages more to implement it. It is a regulatory nightmare.
In January, the author of “Priceless: Curing the Healthcare Crisis”, John C. Goodman, wrote of Obamacare’s impact on your tax bill. “You will join other Americans in paying more than $500 billion in nineteen new types of taxes and fees over the next decade to fund health reform. Some of the new taxes will be indirect and will be passed on to you in the form of higher prices, higher premiums, or lower wages.”
As Americans address paying their 2012 income taxes, here are some of the new taxes that will afflict some or all of them at some point.
# A tax on medical devices. This will cover “everything from surgical instruments and bedpans to wheelchairs and crutches. Even pacemakers and artificial hips and knees are taxes.” If Obamacare is not repealed, it will rake in $20 billion over the next decade.
# A tax on health insurance. Beginning in 2014, there will be a $60 billion tax on health insurance that will be felt in higher premiums. A typical family of four will have to spend nearly $1,000 a year.
# A tax on drugs. If you think prescription drugs are expensive now, some drug makers have already begun to raise prices.
Read More: http://emergingcorruption.com/