July 3, 2012

When asked in 2009 if Obamacare’s individual mandate constituted a tax increase, President Obama had a firm response: “I absolutely reject that notion.”

But now, given the Supreme Court’s ruling on his health care law, the president must admit that the individual mandate in indeed a tax. It’s either that, or admitting to its unconstitutionality.

As tax increases go, Obamacare is a doozy. President Obama vowed not to tax any family making less than $250,000 annually. Obamacare will do just that. And unfortunately, it isn’t the only tax that middle class Americans will have to shoulder, The Heritage Foundation’s Alyene Senger explains:

The individual mandate is far from alone on Heritage’s lengthy list of Obamacare’s new taxes and penalties, many of which will heavily impact the middle class. Altogether, Obamacare’s taxes and penalties will accumulate an additional $500 billion in new revenue over a 10-year period. Yesterday, a senior economist for The Wall Street Journal revealed that 75 percent of Obamacare’s new taxes will be paid for by American families making under $120,000 a year. Among the taxes that will hit the middle class are the individual mandate, a 2.3 percent excise tax on medical devices, a 10 percent excise tax on indoor tanning, and an increase of the floor on medical deductions from 7.5 percent of adjusted gross income to 10 percent.

Click here to read more about President Obama’s broken tax promises.

Do you think President Obama has a responsibility to hold true to his promises to Americans?

Comments (3)

michael cornell - July 6, 2012

Where were you during the George Bush years? You have a lot to say about Obama but Bush is Obama!! Every senator and congressman has sold America short for 30 years, and now you think your important.!! BE REAL!

Author Nathaniel Ward - July 8, 2012

Thanks for your question. The Heritage Foundation was extremely critical of bad Bush administration policies that expanded the size and scope of government, including dramatic increases in federal spending under President Bush’s watch and the administration’s disastrous Medicare Part D drug program.

Obamacare 2009: A stroll down memory lane | Talon's Point - November 21, 2013

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