Health Care BS

For many of us, it has long been obvious that Obamacare is nothing more than a tax hike disguised as a health reform bill. Now the Joint Committee on Taxation has confirmed it:

Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress’s official scorekeeper.

How can this be? Obamacare eliminates a big tax deduction:

Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers are hit by this threshold increase in 2017.

So much for O’s lies about not raising taxes on anyone making less than $200K:

Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.

And lots of people making between $200K and $250K will also be hit:

Couples earning less than $250,000 will also nicked by the tax, but the exact number is unclear. The JCT lumps this income level in with those making at least $500,000. It estimates that 58,000 taxpayers earning between $200,000 and $500,000 annually will pay $74 million more in taxes in 2019.

By now it should be obvious that the President is a pathological liar and that Congress is run by a bunch of grifters. They have, against all the odds, shown themselves to be even worse than they were before they were kicked out in 1994.

Time for another housecleaning.