FixHealthCarePolicy

Reconciliation Bill Adds Even More Taxes

A jubilant President Obama put his signature on health care legislation yesterday, but the work isn’t done quite yet. The U.S. Senate must pass the Reconciliation Act of 2010, making a number of tax changes to current law.

By signing the legislation, Obama already broke his campaign promise not to raise “any form” of taxes on families making less than $250,000 per year. The reconciliation bill adds even more taxes for Americans — an estimated $52.3 billion over 10 years, according to a new analysis from Americans for Tax Reform.

ATR’s Ryan Ellis spoke at The Bloggers Briefing yesterday about the reconciliation measure: “We lost a major fight on Sunday. That fight is lost; President Obama has signed it into law. Rather than wallowing … and waiting until the election, we have a fight this week on the floor in the Senate. Do we want to have an additional tax increase on top of the tax increase that has just been signed into law?”

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Tags: Americans for Tax Reform, Cadillac tax, campaign promise, low-income families, more taxes, ObamaCare, Senate Health Bill

The Aftermath of Obamacare: What America Will Look Like If The White House Gets Its Way

America stands on the precipice of sweeping liberal health care reform that will radically reshape one-sixth of the U.S. economy, and a 153-page House bill is all that stands between us and a fundamentally changed America.

What will that change look like? Speaker Nancy Pelosi (D-CA) said, “we have to pass the bill so that you can find out what is in it,” and President Barack Obama said, “By the time the vote has taken place, not only will I know what’s in it, you’ll know what’s in it.”

In other words, here’s a ticket to ride, get on board, we can’t tell you where it’s going, but you’ll like it once you get there. We promise.

A picture of America’s future under Obamacare can be revealed, though, after peeling away the pages and digging through the dirt. Here’s 10 things you can expect:

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Tags: higher health care costs, House reconciliation bill, investment income tax, job killer, more taxes, Senate Health Bill, taxpayer-funded abortions, unconstitutional mandates