"Socialized Medicine is the Keystone to the Arch of the Socialist State."
“If Obamacare is allowed to survive, then our Constitution has no meaning and our Republic is finished. It will engender a takeover of 1/6 of our economy, create permanent dependency, induce unsustainable inflationary pressure on the cost of healthcare and health insurance, and saddle the next generation with crippling debt. Every intervention, program, and mandate prescribed under the 2010 healthcare law, if left intact, will limit freedom, increase insurance premiums, create more dependency, and lead to rationed care.”
Join the Conversation on FacebookWhat does that mean for you? First of all, from an economic level, it means misery. In the next six years, 20 new or higher taxes will hit your wallet … but in January 2013 alone, five major Obamacare taxes will be implemented
1. The Obamacare Medical Device Manufacturing Tax
Medical device makers get hit with a 2.3 percent tax on gross sales, in an industry that employs almost 400,000 Americans (but it soon will be fewer, because some companies have already cut R&D budgets and started laying off workers). Because of this tax, pacemakers, stents, and prosthetic limbs, to name a few, will cost more.
2. The Obamacare High Medical Bills Tax
Right now if your medical expenses exceed 7.5 percent of your adjusted gross income, you can deduct them. The new Obamacare tax raises that threshold to 10 percent and is expected to hit pre-retirement seniors the hardest.
3. The Obamacare Flexible Spending Account Cap
Pre-tax Flexible Spending Accounts currently have no federal limit. That will change when Obamacare forces a $2,500 annual cap. And because families with special needs children currently use FSA funds to pay for tuition, they will be some of the hardest hit when this cap goes into effect.
4. The Obamacare Surtax on Investment Income
The new Obamacare surtax takes the top capital gains rate to 23.8 percent and top dividend rate to 43.4 percent.
5. The Obamacare Medicare Payroll Tax increase
Employers will get hit with $86 billion in payroll tax increases over the next ten years.
- The mandate to purchase insurance, which violates our liberty
- The myriad taxes coming our way, which will hurt consumers and our economy
- The burdens on businesses, which will destroy jobs
- The insurance benefit mandates, which will raise our premiums and reduce patient choice
- The Medicare cuts, which will damage seniors’ coverage options and jeopardize access
- The government’s role in healthcare and ethics, which will weaken the protection of life and give sacred decision-making authority to the state
Democrats (and of course the mainstream media) have brushed off concerns about Obamacare and employed a “nothing to see here, move along” strategy. They can dismiss the problems all they want, but it will not make them go away. Cracks in this “big ***-ing deal,” as Joe Biden refers to it, began to show almost immediately after it was signed when hundreds of companies signed up for waivers asking to be let off the hook for a while.
The American people need to pressure Members of Congress to chip away at Obamacare provisions and interrupt or limit its enforcement as much as possible. This can be done at the federal level, and leaders can also work on the state level, especially with Republican governors, to block implementation. Right now many states are working to stop health care exchanges, which is a good first step toward taking back freedom and control from Obama’s socialist mandates.
Obamacare crushes freedom. It crushes state sovereignty. It raises taxes, kills jobs and gives the government complete control over your most personal life decisions. Already, 77% of “quick serve” restaurants are considering—or actually in the process of—dropping employee hours from full-time to part-time, simply in response to what is coming from Obamacare. What is going to happen in two months when implementation actually begins? What is going to happen to businesses and to families over the next six years as all the components begin to take effect?
We don’t want to go down that road. That is why we must act now, and vehemently speak out against this travesty of freedom. Please, contact Congress today and help Conservative Daily continue the fight against Obamacare.
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