GOPe keeping ObamaCare taxes, too.

We heard earlier from Rand Paul about his disgust over his colleagues’s ObamaCare hijinks.  Now comes word, via The Wall Street Journal, that Senate Republicans are A-OKAY with the taxes in ObamaCare:

With Senate Republicans planning to retain a 3.8% surtax on investment income in their health-care bill, it is a good time for American taxpayers to know exactly how this tax works.

The 3.8% surtax was enacted in 2010 to help fund the Affordable Care Act, also known as Obamacare. It took effect in 2013, and this year it is expected to bring in nearly $30 billion, according to the Tax Policy Center. Republicans in the House of Representatives have voted to repeal the tax, retroactive to Jan. 1, but those in the Senate surprised many recently when they revealed plans to keep it. […]

Remember when Republicans were AGAINST squeezing every last dime out of your wallet?  (Remember?)

[…] This levy was billed as a tax on the richest, and often it is: More than three-quarters of its revenue comes from households earning more than $1 million. In 2017, these households will owe an average of about $37,000 each due to this tax, while those earning between $200,000 and $500,000 will owe an average of about $200 each.

The averages conceal wide variations, however. The 3.8% surtax can reach far beyond the wealthy, if taxpayers have an investment windfall. And its reach is expanding, because the trigger points aren’t adjusted for inflation.[…]

So, it’s being defended along the lines of the leftist class warfare rhetoric.  WHO do these people think invests the money that powers the economy?  (New taxes on investment income tends to make people sit on their cash instead of investing it.)

In Raleigh, Republicans were defending their tax reform efforts by spouting off about how “the rich” will still pay more.  (*SIGH*) Republicans are winning elections campaigning as small-government fans but governing under the language and tactics of the leftist losers.

These people have their majority based on promises to kill ObamaCare and shrink government.  In the real world, obtaining something of value (like, say, a legislative majority) via false pretenses (i.e., lying) is fraud.  It’s a crime Is it possible for us to indict A WHOLE PARTY?

4 comments for “GOPe keeping ObamaCare taxes, too.

  1. john steed
    July 14, 2017 at 10:04 pm

    And these idiots think that GOP voters are going to be motivated to turn out to vote for them when they slightly tweak Obamacare instead of repealing it like they promised to do? Or our state legislators being dumb enough to think that state GOP voters are going to have any motivation to turn out to vote for them after they cowardly repeal HB2?

  2. Barbara
    July 15, 2017 at 9:30 am

    This is bogus. I am not wealthy and have been hit by the IRS with taxes I would not normally pay because of not having HC, of which they made unaffordable. These Senators will be held accountable come election time!

    • Myron Smith
      July 20, 2017 at 11:49 pm

      Agree, thanks

  3. Kim
    July 16, 2017 at 7:27 pm

    NC voters had a chance to elect a real Constitutional Conservative who is a surgeon and who actually read Obamacare. Greg Brannon was endorsed by Rand Paul and Mike Lee. Dr. Brannon warned us of the outcome of a Tillis/Burr win. The only ones to blame for this disaster are the voters who put these men in office. Tillis and Bur are establishment Republicans who won’t vote for what the people want, they will vote for what will line their pockets the most. Look at Dr. Brannon’s paper that he wrote in 2010…it’s still relevant today!

    http://brannonbroadcast.com/2017/03/15/the-health-of-america/

Comments are closed.