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Lv 5
? asked in Politics & GovernmentGovernment · 9 years ago

Have you seen Obama tax hikes?

Try to look at this information objectively .. these are the facts for the Full List of Obamacare Tax Hikes:

I have provided a link to the tax hikes but I want to bring a few of them into closer examination.

All of these taxes are burdensome and many are directed at seniors.

Note extra taxes in #4 and #12 on companies that develop new medications and companies that make medical devices.

4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry

imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ

360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts

items retailing for <$100. Bill: PPACA; Page: 1,980-1,986

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#6 is a tax specifically to Caucasians. This is a very odd tax...

6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans

using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399

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#9 This tax is for actually USING health insurance .. not just having it.

9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on

individual tax returns. Bill: PPACA; Page: 1,957

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#14 limits spending on disabled children. Government shouldn't have ANY say on how much care is needed for YOUR children! ONLY doctors should have the right to determine that!

14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on

FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for

whom this new cap will be particularly cruel and onerous: parents of special needs children. There are

thousands of families with special needs children in the United States, and many of them use FSAs to

pay for special needs education. Tuition rates at one leading school that teaches special needs children

in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax

rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-

2,389

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#15 affects drug coverage for retirees...... why should you pay more taxes for medication at the time in your life when you have less money to buy them in the first place?

15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination

with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994

__________________________________________________________________________

America is in for many VERY big changes if Obama stays in and they will effect you and your children and all of our lives forever and NOT for the best

http://blackburn.house.gov/uploadedfiles/atr_obama...

9 Answers

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  • 9 years ago
    Favorite Answer

    Yes, I have seen them. What I haven't seen is Obama admit that he was lying when he said,

    "I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

    The cigarette tax that immediately followed already proved him to be a liar, but was excused by many.

    There is no excusing these increases which are obviously aimed at the middle and lower classes.

    But, of course, he doesn't as much as apologize. Since he is fully aware of how this will affect the middle and especially, the lower classes, I can only assume that the only position he's changed is his previous willingness to feign caring about those people in particular. We now know he doesn't.

  • lare
    Lv 7
    9 years ago

    taking steps to increase government revenue is aka fiscal responsibility. Obama never pledged he would not raise a tax, that is Nordquist Republicans that did that, and fyi many of those voted for these.

    #4 is a windfall profits tax. Since Bush made it illegal for the government to negotiate prices (?!) paid for drugs on the Medicare Part D, seniors are obligated to pay any price the "innovator" company cares to charge. This results in a huge windfall for the drug companies because previously seniors had been going to Canada to get prescriptions filled because Canada does negotiate a fair price. And since Bush also failed to fund the cost of Part D, this tax is a quid pro quo to recapture those unreasonable gains and use the proceeds to reimburse Medicare.

    #12 have you seen those endless adverts on TV for devices with the catch line "we will bill Medicare for you". The problem is they are over sold, some seniors opting to get 2 or 3 of the same devices since they are "free". The tax is to help Medicare rein in an industry that is making astronomical profits off of Medicare senior for no medical necessary benefit. When Medicare goes broke, then seniors no longer get anything free.

    #6. the leading cause of lung cancer is cigarettes, so an excise tax is impose to discourage their use. the leading cause of skin cancer is tanning. so this is an excise tax on to discourage its use. and by the way people of other races do get melanoma, which can be fatal.

    #9. don't tell me you don't know what a W2 is, go look at yours and see what an idiot you are.

    #14. it does in no way limit spending. the cap just puts a limit on how much pre-tax money can go into a medical spending account. if you spend more, then you get a deduction on your taxes. so this is revenue neutral, neither a tax or a loophole

    #15. because seniors are now covered under Medicare part D. The senior gets the tax credit not the employer. not too many seniors over 65 on Medicare are on employer paid health plans anyway.

    You missed a whole lot of other tax revenues collected under Obama. For example, the fees charged to Fox News to exclusively own television stations increased. actually not just Fox, but all broadcasters Radio and Television. Obama put an import duty on tires made in China to save American jobs, shameful.

  • 9 years ago

    Yes

    its horrific and that's why Obama has to be booted out of the white house.

    Steve O ain't upset,

    because he does not pay any income taxes...

  • 9 years ago

    Yes

    Thanks for Sharing.

    The increase in taxes and cost is hurting me.

    Emlpoyers being afraid to hire is hurting my kids.

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  • Anonymous
    9 years ago

    When you get the time please research how much the cost is, and will be, over the next 50+ years to care for those American troops that will spend the rest of their lives disabled for lies, in Afghanistan & Iraq.

  • Anonymous
    9 years ago

    Now if we can get him to cut spending to go along with it, we can reduce the debt for future generations.

  • 9 years ago

    Its easy to pick apart any bill with things you don't like, but overall it is a good thing for the citizens of this country as a whole. One of the few bills that helps everyone.

  • 9 years ago

    Yep, saw it, as well as the other items in the program.

    Have you seen Mutt's?

  • 9 years ago

    Nice ! Thanks for sharing.

    Obama 2012.

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