Quote:
Originally Posted by RichieLion
Just before an election in a country that Vice President Biden just yesterday said is in a middle-class depression, The Supreme Court has ruled that ObamaCare is now ObamaTax, and literally the largest tax increase in the history of the world.
The largest tax increase in history in this failed Obama economy.
I would hold back on the cheering if I were you. You might want to think about this.
This November this ObamaCare/ObamaTax is all he's going to be running on. This and the collapsing economy.
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Reference please for "the largest tax increase in the history of the world" I have not read the law, perhaps you can tell me what the "tax" penalty is for someone who does not obtain health insurance, how many Americans are projected to be paying that tax, and how that increase government revenue stacks up against such things as the increase in SocSec taxes signed by Reagan. A good place to start might be to look at the experience in Massachusetts where Romneycare has been in effect several years with it's identical individual mandate backed by a tax penalty for failure to comply. How is that working out for the citizens and taxpayers of Massachusetts? I am not arguing whether or not Romneycare has saved money, just interested in resolving the tax increase potential of the ACA.