Why Obamacare Is A Tax Cut For Millions Of Americans

ProudProgressive 2012/07/02 00:48:10
As Republican heads continue to explode after the Supreme Court's historic confirmation of the constitutionality of the Health Care Reform Law, they seem to be working overtime coming up with as many different ways to lie about the Law. That is, of course, except for those Right Wingers who are so "disgusted with the socialist government takeover of the health care system" that they're thinking of moving to Canada [not a joke!].

So far the leading lie seems to be the so-called "Massive Tax Increases" that are nowhere to be found in the law. The reality is that any additional costs associated with the law will only affect at most 5% of the population, most people will see no additional costs at all, and according to a new report, over 28 million Americans will be receiving a tax credit. Add those 28 million to the millions of others who have already begun to receive REBATES from their health insurers (to the tune of $1.1 billion dollars so far) thanks to the law's provision that at least 80% of premium payments be applied to actual medical care rather than a backup private jet for the CEO.

Article excerpt follows:

Why Obamacare Is A Tax Cut For Millions Of Americans
By Pat Garofalo
Jun 29, 2012

Following the Supreme Court's ruling yesterday that Obamacare, the 2010 health care law, is constitutional under Congress' ability to tax, Republicans have launched a full court press calling the individual mandate a "massive tax hike." But as ThinkProgress noted yesterday, there is no massive tax hike: few people will ever pay the penalty, and those who do will pay less than the amount of the payroll tax increase that Republicans nearly allowed to occur.

In addition, according to a report from Families USA, 28.6 million Americans, most of them middle-class, will receive tax cuts under the bill due to entering health care exchanges and receiving affordability credits:

We found that an estimated 28.6 million Americans will be eligible for the tax credits in 2014, and that the total value of the tax credits that year will be $110.1 billion. The new tax credits will provide much-needed assistance to insured individuals and families who struggle harder each year to pay rising premiums, as well as to uninsured individuals and families who need help purchasing coverage that otherwise would be completely out of reach financially. Most of the families who will be eligible for the tax credits will be employed, many for small businesses, and will have incomes between two and four times poverty (between $44,100 and $88,200 for a family of four based on 2010 poverty guidelines).

In addition to these tax credits and the fact that more than 30 million Americans will have new access to health insurance, the health care law will help create millions of jobs.

Read More: http://thinkprogress.org/economy/2012/06/29/508749...

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  • jackolantyrn356 2012/07/02 16:20:34
    The 45% of America is on welfare.... They do not get taxed.
  • luvguins 2012/07/02 04:50:51
    The GOP must think the entire population is stupid when actually this massive tax increase lie would only be absorbed as truth by their own ignorant lemmings.
  • Mark P. 2012/07/02 02:36:56
    Mark P.
    How are we gonna pay for it then? All the tax cuts, where does the money come from to pay?
  • darcie lamar 2012/07/02 02:15:26
    darcie lamar
    Millions are exempt from Obama care. Unions, Native Americans, Muslims Amish and other Christian organizations. We need to start over and get it fair and right.
  • marcuss....PHART 2012/07/02 02:09:07
  • luvguins marcuss... 2012/07/02 04:55:16
    Ah, from the GOP majority House Ways and Means Committee regurgitated by the right wing Washington Times. Surely that can't be too accurate as projections rarely are.
  • marcuss... luvguins 2012/07/02 15:45:59
    But no matter what 0WEbama says is the fact? Hell he has to hide from revealing the truth through executive privelage. 0WEbama has lied so much you clowns take everything he says as hopeless. That's why you LWNJs can not be taken seriously.
  • tommyg - POTL- PWCM-JLA 2012/07/02 01:43:21
    tommyg - POTL- PWCM-JLA
    How is receiving tax credits considered a tax cut? Because the gov is giving back money that it took from me?

    How insane is that?
  • luvguins tommyg ... 2012/07/02 04:56:43
    Better than giving it to the DOD to waste.
  • tommyg ... luvguins 2012/07/02 19:28:21
    tommyg - POTL- PWCM-JLA
    Luv, I've told you before that all departments need to be put on the table of discussion for cuts. The DOD is no different.
  • Defend ... tommyg ... 2012/07/02 10:31:40
    Defend Western Civlization
    your wasting your time this is a hardcode liberal progressive leader of the dnc who backs obama who backs the Muslim terrorist brotherhood
    It thinks the muslim terrorist are victims of the Jews
  • tommyg ... Defend ... 2012/07/02 19:29:00
    tommyg - POTL- PWCM-JLA
    LOL Don't I know it. But Proud and I have come to an understanding of sorts.
  • voice_matters 2012/07/02 01:31:25
    not a single person will receive a tax cut with obamacare. thanks for showing all libs do is lie
  • VoteOut 2012/07/02 01:26:08
  • Simmering Frog 2012/07/02 01:07:56
    Simmering Frog
    Don't piss on America and then tell us it's raining.
  • Jester M.S. 2012/07/02 00:52:25
  • NPC 2012/07/02 00:52:14
    Democrats think bassackward anyway. Since 47% do not pay any taxes I think this article is bunk. Pelosi said that Food Stamps helps the Economy ? Democrats think that spending money is saving money also ! Guess that is how Barack, Pelosi and Reid figured it when they spent $5.3 Trillion of our money in 2009 and 2010.
  • ProudPr... NPC 2012/07/02 00:58:34
    Food stamps do help the economy. In fact, direct government assistance like food stamps and unemployment insurance payments are among the most effective economic stimuli a government can employ.

    And stop with the lies about spending. President Obama has added a total of about $1.5 trillion to our national debt since the day he took office, LESS than the Bush tax giveaways to millionaires ALONE and LESS than the Bush unfunded war of lies in Iraq. Under President Obama Federal spending is proceeding at its slowest rate in over 30 years.

    where our debt comes from

  • Defend ... ProudPr... 2012/07/02 10:32:55
    Defend Western Civlization
    Just cause that little SNAKE IN THE GRASS democrat roberts voted along with the other obama Worshipers does not make it Constutitonal
  • Steve NPC 2012/07/02 01:02:19
    "47% do not pay any taxes" -- complete BS. They don't pay income tax, but they pay plenty of payroll and other taxes. After combining social security and medicare taxes along with sales, many of these people who "pay no taxes" actually pay taxes at a far higher rate than Gov. Romney.
  • tommyg ... Steve 2012/07/02 01:45:56
    tommyg - POTL- PWCM-JLA
    Lets be specific then...47% pay no Federal income tax.

    Fair enough?
  • Lady Wh... tommyg ... 2012/07/02 10:05:19
    Lady Whitewolf
  • tommyg ... Lady Wh... 2012/07/02 19:30:02
    tommyg - POTL- PWCM-JLA
    What's with the name calling? Geesh.
  • Defend ... Steve 2012/07/02 10:33:32
    Defend Western Civlization
    I see more kooky nonsese from the Anti Semite Liberal Progressive Dnc

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