No discussion of President Obama’s tax policies would be complete without a reference to Obamacare and its
$500 billion in tax increases. Whenever President Obama discusses the need for more tax revenues, Americans should remember that he already got them and spent them on a
health care scheme that is itself proving to be
hugely disruptive to the economy.
Tax
.....the way he phrases it gives the impression that the law takes money that was already allocated to Medicare and funds the new health care law with it. In fact, the law uses a number of measures to try to reduce the rapid growth of future Medicare spending. Those savings are then applied to costs created by the law -- especially coverage for the uninsured -- so that the overall law doesn't add to the deficit.
PolitiFact | $500 billion from Medicare for Obamacare, Mitt Romney says
Governor …
you imposed tax penalties in Massachusetts?”
ROMNEY: ”
Yes, we said, look, if people can afford to buy it, either buy the insurance or pay your own way; don’t be free-riders.”
FLASHBACK: Romney Acknowledged His Massachusetts Healthcare Plan Imposed A Tax - ABC News
Obamacare taxes = Bad for you
Romneycare taxes = Good for you
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