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Home ยป News ยป News ยป Obamacare 2nd Anniversary Present: Tax Hikes for the Middle Class
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Obamacare 2nd Anniversary Present: Tax Hikes for the Middle Class

Steve RobinsonBy Steve RobinsonMarch 26, 2012No Comments1 Min Read
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On the second anniversary of the law that gave government control of our nation’s health care system, Grover Norquist, the President of Americans for Tax Reform, takes a look at a few of the tax hikes in the bill.

Norquist reminds us what Obama the candidate said in 2008, just months before signing the tax-laden legislation:

โ€œI can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.โ€

One of the tax hikes Norquist mentions is the Medicine Cabinet Tax. This particular tax hike especially irritates this blogger. I use to be able to use my Health Savings Account (HSA) to purchase over-the-counter medicine on a pre-tax basis.

Not anymore.ย Obama’s Medicine Cabinet Tax has banned the purchase over-the-counter medicine with an HSA.

And, shockingly, there is no exemption for “families making less than $250,000 a year” like candidate Obama promised.

health care Obamacare tax hikes Taxes
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Steve Robinson is the Editor-in-Chief of The Maine Wire. โ€ชHe can be reached by email at [email protected].

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