Obama.."you will not see any of your taxes increase one single dime."

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S. Lindsey
S. Lindsey's picture
Joined: 12/31/2008

"Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper.

The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.

Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers are hit by this threshold increase in 2017.Joint Committee on Taxation


Was anyone really surprised.. Well I mean besides the Progressives, Liberals, Moderates and Obamanites in general. Most of us already knew this. There is no way you add 30 million people to the roles and spend Trillions and not raise taxes.

Oh well.. Cap and Trade is coming and as Obama said himself "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket."

More taxes to come.. ain't Government grand.

Cyclist's picture
Joined: 05/15/2007
Government at work.......against you

Feeling tapped out after stimulus, ObamaCare and everything else? Senator Bob Casey has one more deal for you. If the Pennsylvania Democrat gets his way, U.S. taxpayers will also pick up the astonishing tab for poorly managed union pension plans.

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