Health Care BS

In honor of Tax Day, the Republicans of the House Ways & Means Committee have put together a handy list of new taxes that Obama and his congressional accomplices have enacted since January 2009.

These new taxes total more than $670 billion over 10 years, and most of them were enacted with the Obamacare package. Here’s a selected list of the most egregious health care taxes. Read it and weep: 

New tax on individuals who do not purchase government-approved health insurance ($17 billion)

New tax on employers who fail to fully comply with government health insurance mandates ($52 billion)

New 40% excise tax on certain high cost health plans ($32 billion)

New ban on the purchase of over-the-counter drugs using funds from FSAs, HSAs and HRAs ($5 billion)

Increase in the Medicare tax on wages and self�employment income and a new surtax on certain investment income ($210.2 billion)

Increase the threshold after which individuals can deduct medical expenses ($15.2 billion)

Impose a new $2,500 annual cap on FSA contributions ($13 billion)

New annual tax on health insurance ($60 billion)

New annual tax on brand name pharmaceuticals ($27 billion)

New 2.3% excise tax on certain medical devices ($20 billion)

New 10% tax on indoor UV tanning services ($2.7 billion)

New tax on insured and self�insured health plans ($2.6 billion)

Double the penalty for non�qualified HSA distributions ($1.4 Billion)

Eliminate the deduction for expenses allocable to Medicare Part D subsidy ($4.5 billion)

And these are just the worst of of the HEALTH CARE taxes. There are lots of new taxes unrelated to Obamacare. If you’ve got a strong stomach, go out to the Ways & Means Committtee site and read about the other taxes you’re in for.