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Obamacare's 18 New Tax Hikes

Posted By Alyene Senger On August 20, 2012 @ 1:03 pm In Obamacare | Comments Disabled

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 [1] (CBO) and Joint Committee on Taxation [2]‘s (JCT) updated cost of the Obamacare tax hikes and penalties.

To read about more of Obamacare’s negative effects, click here [3].

special-obamacare-taxes-AUG-2012-chart-1-600 [4]


Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2012/08/20/obamacares-18-new-tax-hikes/

URLs in this post:

[1] Congressional Budget Office: http://cbo.gov/sites/default/files/cbofiles/attachments/43471-hr6079.pdf

[2] Joint Committee on Taxation: http://waysandmeans.house.gov/uploadedfiles/jct_june_2012_partial_re-estimate_of_tax_provisions_in_aca.pdf

[3] click here: http://www.heritage.org/initiatives/health-care

[4] Image: http://blog.heritage.org/wp-content/uploads/special-obamacare-taxes-AUG-2012-chart-1-600.jpg

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