The Affordable Care Act is going to cost everyone thanks to a slew of Obamacare taxes.
The Affordable Care Act is primarily aimed at decreasing the number of uninsured Americans and reducing the overall costs of health care. Those who think the law won't change much about their healthcare or finances don't realize they'll likely be paying for it.
That's why Republicans are focused on striking down Obamacare should they nab a presidential victory in Election 2012. They claim that the taxes involved to pay for Obamacare will crush the middle class and most U.S. taxpayers, as well as trigger job losses in affected industries.
Republicans also harp on the fact that President Obama said he would not raise taxes.
"This bill was built with smoke and mirrors to hide the impact of the trillions of dollars of new entitlement spending," House Budget Committee Chairman Paul Ryan, R-WI, said in a statement last Tuesday.
Here's a glimpse at what those Obamacare taxes will do to the country.
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The Real Impact of Obamacare Taxes
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How the New Healthcare Tax Affects You
The Supreme Court recently upheld the Affordable Care Act (ACA), or Obamacare, sparking concern in the United States about the future of healthcare tax.
Even though some people argue the healthcare law is not a tax but instead a penalty, right now it's been ruled the former - and has become one of the key issues in Election 2012.
In a July 12 poll by Quinnipiac University in Connecticut, 55% of American voters said ACA is a tax hike. But it doesn't necessarily mean they are against it.
Interestingly, 48% agreed with the U.S. Supreme Court decision to uphold the law, while 49% believe that the U.S. Congress should repeal it.
In addition, 55% of American voters said a presidential candidate's position on health care is "extremely important" or "very important" to their November vote. Those who think Obamacare breaks the president's promise of not raising taxes could be lured to a GOP presidential vote.
Peter Brown, assistant director of the Quinnipiac University Polling Institute, said in a press release, "President Barack Obama has worked mightily to avoid the 'T' word, but most American voters say the ACA is in effect a tax hike. The big question is whether the Republicans can sell the idea to voters that the president's Affordable Care Act breaks his promise not to raise taxes on those who make less than $250,000. That's why what voters believe on this issue matters."
Whether it is a tax or a penalty, either way people are going to have to pay.
Even though some people argue the healthcare law is not a tax but instead a penalty, right now it's been ruled the former - and has become one of the key issues in Election 2012.
In a July 12 poll by Quinnipiac University in Connecticut, 55% of American voters said ACA is a tax hike. But it doesn't necessarily mean they are against it.
Interestingly, 48% agreed with the U.S. Supreme Court decision to uphold the law, while 49% believe that the U.S. Congress should repeal it.
In addition, 55% of American voters said a presidential candidate's position on health care is "extremely important" or "very important" to their November vote. Those who think Obamacare breaks the president's promise of not raising taxes could be lured to a GOP presidential vote.
Peter Brown, assistant director of the Quinnipiac University Polling Institute, said in a press release, "President Barack Obama has worked mightily to avoid the 'T' word, but most American voters say the ACA is in effect a tax hike. The big question is whether the Republicans can sell the idea to voters that the president's Affordable Care Act breaks his promise not to raise taxes on those who make less than $250,000. That's why what voters believe on this issue matters."
Whether it is a tax or a penalty, either way people are going to have to pay.
To continue reading, please click here...