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Thursday, December 22, 2011

Just Obama looking out For The Middle Class

Now he is campaigning that the payroll/SS tax cuts are $40.00,leaving out an important factoid that is based on a bi-weekly paycheck.
Does any of it really matter when:

• starting in 2013 is a 2.3% excise tax on medical device manufacturers and importers. That's estimated to raise $20 billion.
• Already underway this year is the new annual fee on "branded" drug makers and importers, which will raise $27 billion.
• Another $15.2 billion will come from raising the floor on allowable medical deductions to 10% of adjusted gross income from 7.5%.
• Starting in 2018, the bill imposes a whopping 40% "excise tax" on high-cost health insurance plans. Though it only applies to two years in the 2010-2019 window of ObamaCare's original budget score, this tax would still raise $32 billion—and much more in future years.
• And don't forget a new annual fee on health insurance providers starting in 2014 and estimated to raise $60 billion. This tax, like many others on this list, will be passed along to consumers .

Too bad the dumbed down Public have no clue what they are wishing for.

3 comments:

  1. Most of us will be missing that money from our paychecks. What a nightmare.

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  2. Well I do understand that Leticia,I just don't like the politics of it. Republicans always spoke of a tax holiday and Obama uses it it for political gain. The thing is it is coming out of SS which already has unfunded mandates. The bottom line is nobody wants to do what is necessary to fix the problems before it's too late.

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  3. They had better come to some kind of understanding. Or we will be paying up the wazzooo.

    Merry Christmas, Lisa. God bless you and your family.

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