ObamaCare’s Cascade of Taxes Pounds U.S. Taxpayers
posted 4 years ago on May 6th, 2014
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Grace-Marie Turner, President, Galen Institute
By Grace-Marie Turner and Tyler Hartsfield
President Obama promised middle-income families they would not see their taxes go up “one single dime” as a result of ObamaCare. But millions of such Americans are indeed paying to finance the gargantuan health overhaul law through hidden taxes and fees, many of which already are driving up the cost of their medical care and health insurance.
In total, the 21 taxes in ObamaCare will extract $1 trillion over a decade, nearly double the $569 billion that Congress’ Joint Committee on Taxation estimated at the time the law passed in 2010.
The first wave hits many higher-income people who got a rude awakening about the health law’s new and…
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