I’m shocked, shocked:
The hardest hit won’t be those earning more than $250,000 a year–the group that he says needs to “pay their fair share.” Rather, it’s families whose combined annual income is around $100,000 who could be crushed under this plan.
Many of these middle-class families will probably opt to pay the federal fine, and go without health insurance until they get sick.These folks will be too “rich” to qualify for ObamaCare’s subsidies, but probably too poor to easily afford the pricey insurance that the president’s plan forces them to buy.
Many of these $100K families will be obliged to buy a policy costing an average of $14,700 for the mid-level, “silver” health plan, according to the Congressional Budget Office’s estimates. After income taxes, they’ll be spending almost a quarter of their net income for health insurance.
I think that if you pass a law that requires you to purchase something, and it’s enforced by the IRS, it’s not unfair to call it a tax. And it’s another demonstration that every one of Obama’s statements (this one about no raising taxes on people making less than a quarter million) has an expiration date.
[Late afternoon update]
A commenter asks what he can do to fight this in the final hours. This looks like a good place to start. Whatever your political affiliation, if you want to stop this, it’s all up to the Republicans at this point, and you’re going to have to help them this weekend, if not in the future. Don’t look for any help from the Democrats.