The famous words of Nancy Pelosi on Obamacare, “we have to pass the bill, so that you know what is in it”, and boy are we ever learning just what is packed inside this major bomb that is ticking.
The CBO’s updated estimates, the amount of deficit reduction from penalty payments and other effects on tax revenues under the ACA will be $5 billion more than previously estimated,
“That change primarily effects a $4 billion increase in collections from such payments by employers, a $1 billion increase in such payments by individuals, and an increase of less than $500 million in tax revenues stemming from a small reduction in employment-based coverage, which will lead to a larger share of total compensation taking the form of taxable wages and salaries and a smaller share taking the form of nontaxable health benefits.”
In short, CBO revised the Obamacare tax burden upward by $4 billion for businesses and $1 billion to $1.5 billion for individual workers.
Chief Justice Roberts told us this was a tax, they passed it as a tax and what a gigantic tax it is…
It would be cheaper to repeal the bill, that would only cost 109 billion over ten years.
Five Billion dollar increase, by the time they get it figured out, that increase could be near 15 billion, Doctor anyone?
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