From The Associated Press: Nearly 6 million Americans — significantly more than first estimated—
will face a tax penalty under President Barack Obama's health overhaul
for not getting insurance, congressional analysts said Wednesday. Most
would be in the middle class.
The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises.
The
numbers from the nonpartisan Congressional Budget Office are 50 percent
higher than a previous projection by the same office in 2010, shortly
after the law passed. The earlier estimate found 4 million people would
be affected in 2016, when the penalty is fully in effect.
That's
still only a sliver of the population, given that more than 150 million
people currently are covered by employer plans. Nonetheless, in his
first campaign for the White House, Obama pledged not to raise taxes on
individuals making less than $200,000 a year and couples making less
than $250,000.
And the budget office analysis found that nearly 80
percent of those who'll face the penalty would be making up to or less
than five times the federal poverty level. Currently that would work out
to $55,850 or less for an individual and $115,250 or less for a family
of four.
Average penalty: about $1,200 in 2016. http://www.google.com/hostednews/ap/article/ALeqM5jmIII4FgDvIW-bij_fdHF4v0Whbw?docId=48328c71af0241c39aef95fda77612f7
To those who say ObamaCare doesn't hurt the poor, middle class and everyone either is an Obama Kool aide drinker or smoking crack.
Besides the penalties (or tax) health insurance premiums and co-pays are skyrocketing. Obama touts his plan as having free medical care for women and others, but the jackass doesn't tell you that nothing is for free. Only the stupid believe they are getting something for nothing, but those of us who pay the health insurance and co-pays know what is really happening- the middle class are being hit hard financially by ObamaCare.
But again, only the dye in wool liberals and the stupid are the ones voting for Obama and they don't care what it costs to the middle class and the poor.
Sunrise — 6:57.
11 hours ago
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