Monday, August 17, 2009

Yes, Congressional Plan will tax the little people

I know the President and his liberal cohorts continue to say that their will be no tax increases in his plan will be made against anyone making less that $250,000 a couple or $180,000 an individual.

The bill HR 3200 will indeed tax any single individual that does not have a qualifying insurance plan from their employer. HR 3200 includes a provision to change the IRS tax codes forcing every single American to enroll in the government plan and then be charged for the enrollment. You will be mandated to enroll and the IRS will charge you a 2.5% tax increase.

But, but, but...the President and the Congress promised no tax increase, right?

Amazing things happen when you actually read the bill.

Health Care Coverage
‘‘Sec. 59B. Tax on individuals without acceptable health care coverage.
‘‘(a) TAX IMPOSED.—In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent of the excess of—
‘‘(1) the taxpayer’s modified adjusted gross in2
come for the taxable year, over

‘‘(2) the amount of gross income specified in
section 6012(a)(1) with respect to the taxpayer.

Page 167,168 HR3200

This is a tax increase on every single individual in America!

This means that an average American making $42,000 a year will pay an extra $20.19 a week in taxes, adding up to about $1050 a year in extra taxes.

This includes every single American whether low income, medium income or upper income.

The President's health care plan means that you are mandated to carry health care coverage through your employer or through the federal government. Your employer will charge you on your paycheck or the federal government will charge you on your taxes.

So yes, America... you will be charged one way or another for health care coverage under Obama's plan! It does not matter if you can afford insurance or you want insurance, you will pay!

The President and his liberal cohorts need to stop lying to the American people. Yes indeed there will be tax increases on a bunch of Americans making less than $250,000 a year.

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