Americans who feel overtaxed already are in store for a shocker: Obamacare will add 17 new taxes or penalties for a whopping cost of $502 billion over its first 10 years. This week’s chart illustrates the new taxes and offers a year-by-year rundown of their annual costs. These taxes will pay for generous subsidies, an expansion of Medicare and new government spending. A notable jump in Obamacare taxes comes in 2013, a result of Medicare Hospital Insurance tax and an increase in taxes on investment income for high-income earners. “If … More
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By Michael F. Cannon
On Friday, President Obama announced an “accommodation” to those who object to his contraceptives mandate. Since then, I have been astonished at how many reporters have portrayed the president’s announcement as some sort of compromise, even though it would not reduce — not by one penny – the amount of money he would force Catholics and others with [...]
Credit Where It’s Due: Sarah Kliff Edition is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
President Obama is catching some well-earned blowback for his decision to force religious institutions “to pay for health insurance that covers sterilization, contraceptives and abortifacients.” You see, ObamaCare penalizes individuals (employers) who don’t purchase (offer) a certain minimum package of health insurance coverage. The Obama administration is demanding that coverage must include the aforementioned reproductive care [...]
Contraceptives Mandate Brings ObamaCare’s Coercive Power into Sharper Focus is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
Michigan has become the latest to repudiate Obamacare: In an action with major implications for health reform in Michigan, the state House has voted to turn down—at least for now—nearly $10 million in federal funds to create a statewide health exchange by 2014 to sell more affordable, standardized health insurance to consumers and small businesses. The Michigan [...]
‘They’d Rather Be Caught Sacrificing to Satan Than Voting for Obamacare’ is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
In June, I testified in Richmond before Virginia’s Joint Commission on Health Care that Virginia should refuse to create one of ObamaCare‘s health insurance “exchanges”: [ObamaCare's] health insurance “Exchanges” are scheduled to become operational in 2014. These new government bureaucracies would enforce the law’s regulations that will drive up health insurance premiums, and would distribute hundreds [...]
Va. Gov. McDonnell (Sort of) Takes My Advice, Defers Creating ObamaCare Exchange is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
To Mitt Romney, $10,000 is no big deal. No Wonder Romney Didn’t Mind Forcing People to Purchase Health Insurance is a post from Cato @ Liberty – Cato Institute Blog
No Wonder Romney Didn’t Mind Forcing People to Purchase Health Insurance is a post from Cato @ Liberty – Cato Institute Blog
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