The Obamacare tax cliff
Americans for Tax Relief:
$1 Trillion Obamacare Tax Hike Hitting on Jan. 1
On January 1, regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike.
Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1. In total, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office.
The five major Obamacare taxes taking effect on January 1 are as follows:
...This is more evidence that Democrats love taxes and mislead voters about the effect of the healthcare law. It is going to stifle the economy in numerous ways and stymie job creation. It is more evidence that liberals vastly overrate their intellect.