Obamacare Taxes Double Original Estimate

According to the Government Accountability Office, the President’s health care law contains 47 tax or tax-related provisions.  Estimates by the Congressional Budget Office and the Joint Committee on Taxation confirm that tax increases associated with the law total more than $1 trillion over the next ten years. Many of these provisions are already in effect, and others will become effective in 2014.  Key provisions include:  a tax on medical device and drug manufacturers, and health insurers; a tax on individuals and families who do not purchase government-mandated health insurance, a tax on employers that do not offer government-mandated health insurance, additional Medicare taxes and taxes on investment income...more