An interesting article from The Washington Times.
OK, Obamacare. Up on the table. It’s time for your annual physical.
Three years old, eh? Well, with any luck, you’ll leave here with a clean bill of uh-oh. I can see one problem already. Have you seen these tax hikes?
Let’s see – five, 10, 15, 18 tax hikes in all. That hardly seems wise, considering the fragile health of the economy, but there they are.
There’s the tax on individuals who don’t purchase health insurance. That will cost $55 billion over the next decade. I also see a 40 percent excise tax on “Cadillac” health plans costing more than $10,200 for individuals and $27,500 for families. It’ll be $111 billion for that between 2018 and 2022. Several smaller ones, such as limiting the amount people can set aside in their flexible spending accounts: $4.5 billion there from 2011 to 2022.