Posts Tagged ‘more taxes’

March 29, 2012

Health Care News

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Obamacare’s Dreadful Anniversary

Two years ago today, President Barack Obama signed into law Obamacare, a 2,700-page bill that will radically alter America’s health care system and wreak havoc on medical costs, quality of care, and fundamental rights in ways that are beyond the scope of our imagination.

Much of what was contained in Obamacare was hatched behind closed doors where not even the slightest ray of light could find its way in. Even the men and women in Congress who were entrusted to represent the people cast their votes blindly, not knowing what lay in store. As even then-Speaker Nancy Pelosi (D-CA) famously admitted, “We have to pass the bill so you can find out what is in it.”

The American people have already spoken, however. They want this law repealed and tossed out, as we have seen in poll after poll for the past two years. None of the activities being planned by the White House to gussy up this law will likely make a dent on the unpopularity of Obamacare.

Though even today, two years later, much of Obamacare remains to be written by unelected bureaucrats in the Department of Health and Human Services (HHS), we know some of what’s contained in the law and the ramifications for the American people. Most broadly, Obamacare rips vast powers from the hands of individual patients and their families, and it vests control in Washington bureaucrats. And the costs are far greater than the Administration claim — heading as high as $2.134 trillion with millions Americans dependent on government for their health care.

Last week, the Congressional Budget Office predicted that under the President’s health care law, 20 million Americans could lose their employer-sponsored health benefits and the individual and employer penalties related to the mandates could hit $221 billion. At the time of passage, many people warned as much.

But wait, there’s more.

Read the rest on The Foundry…

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March 24, 2010

Health Care News

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Reconciliation Bill Adds Even More Taxes

A jubilant President Obama put his signature on health care legislation yesterday, but the work isn’t done quite yet. The U.S. Senate must pass the Reconciliation Act of 2010, making a number of tax changes to current law.

By signing the legislation, Obama already broke his campaign promise not to raise “any form” of taxes on families making less than $250,000 per year. The reconciliation bill adds even more taxes for Americans — an estimated $52.3 billion over 10 years, according to a new analysis from Americans for Tax Reform.

ATR’s Ryan Ellis spoke at The Bloggers Briefing yesterday about the reconciliation measure: “We lost a major fight on Sunday. That fight is lost; President Obama has signed it into law. Rather than wallowing … and waiting until the election, we have a fight this week on the floor in the Senate. Do we want to have an additional tax increase on top of the tax increase that has just been signed into law?”

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March 19, 2010

Health Care News

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The Aftermath of Obamacare: What America Will Look Like If The White House Gets Its Way

The Future under Obamacare

America stands on the precipice of sweeping liberal health care reform that will radically reshape one-sixth of the U.S. economy, and a 153-page House bill is all that stands between us and a fundamentally changed America.

What will that change look like? Speaker Nancy Pelosi (D-CA) said, “we have to pass the bill so that you can find out what is in it,” and President Barack Obama said, “By the time the vote has taken place, not only will I know what’s in it, you’ll know what’s in it.”

In other words, here’s a ticket to ride, get on board, we can’t tell you where it’s going, but you’ll like it once you get there. We promise.

A picture of America’s future under Obamacare can be revealed, though, after peeling away the pages and digging through the dirt. Here’s 10 things you can expect:

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