John Kartch

Obama to Sign Massive Tax Hike on Working Families in Violation of His Campaign Pledge


Posted by John Kartch on Monday, March 22nd, 2010, 3:35 PM PERMALINK


President Obama is about to break his central campaign promise: a “firm pledge” not to raise “any form” of taxes on families making less than $250,000 per year. The healthcare bill passed by the House and Senate contains seven taxes that unquestionably violate Obama’s pledge.

 
(Page numbers reference ORIGINAL REID-OBAMA BILL unless noted):

Individual Mandate Excise Tax (Page 324/Sec. 1501/Jan 2014*): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following (page 71 of manager’s amendment updates Reid bill):
 
 
 
Single
2 People
3+ People
2014
$495/0.5% AGI
$990/0.5% AGI
$1485/0.5%/AGI
2015
$495/1.0% AGI
$990/1.0% AGI
$1485/1.0%/AGI
2016+
$495/2.0% AGI
$990/2.0% AGI
$1485/2.0%/AGI
 
Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS).
 
Employer Mandate Tax (Page 348/Sec. 1513/Jan 2014*):  Small business owners pay their business taxes on their personal 1040 forms.  This tax does not exempt startup small business owners even if they make less than $250,000. If the employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $750 for all full-time employees.  Applies to all employers with 50 or more employees.

If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).
Medicine Cabinet Tax (Page 1997/Sec. 9003/$5 bil/Jan 2011): Americans would no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

HSA Withdrawal Tax Hike (Page 1998/Sec. 9004/$1.3 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Flexible Spending Account Cap – akaSpecial Needs Kids Tax” (Page 1999/Sec. 9005/$14 bil/Jan 2011): Imposes cap on FSAs of $2500 (now unlimited).  Indexed to inflation after 2011 (added on page 363 of manager’s amendment). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.  There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.  Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. 

Medical Itemized Deductions Cap (Page 2034/Sec. 9013/$15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction if the total cost of the expenses reduces the filer’s income by 7.5%. The new provision would impose a threshold of 10%. This new tax will most adversely affect early retirees and the catastrophically ill. Waived for 65+ taxpayers in 2013-2016 only.

Tax on Indoor Tanning Services (Page 373 of Manager’s amendment/$2.7 billion/July 1, 2010): New 10% excise tax on Americans using indoor tanning salons
NONE OF THE ABOVE PROVISIONS EXEMPTS FAMILIES MAKING LESS THAN $250,000
 
* CBO Estimates That the Mandate Tax Penalties Will Raise $39 billion from 2010-2019

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ObamaCare: By the Numbers


Posted by John Kartch on Thursday, March 18th, 2010, 1:45 PM PERMALINK


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Americans for Tax Reform today released the following “By the Numbers” breakdown of ObamaCare:

The number of new tax increases in the healthcare bill: 19

The number of tax increases that unquestionably violate President Obama’s “firm pledge” not to raise “any form” of taxes on families making less than $250,000:  7

The tax increase over the first decade if the healthcare bill becomes law: $497 billion

The top federal tax rate on wages and self-employment earnings under this bill: 43.4%

The annual tax hike for every man, woman, and child in America: $165

The top federal tax rate on early distributions from HSAs under this bill: 59.6%

The most parents of special-needs kids can save tax-free for tuition in FSAs (currently, the amount is unlimited): $2500

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Will Betsy Markey Hike Taxes on MicroPhage Workers in Longmont?


Posted by John Kartch on Thursday, March 11th, 2010, 3:10 PM PERMALINK


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Will Congresswoman Betsy Markey Hike Taxes on MicroPhage Workers in Longmont?
 
 
New Obama healthcare plan endangers 7,969 Colorado jobs

WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congresswoman Betsy Markey will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the MicroPhage facility in Longmont, Colorado. It employs 25 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congresswoman Betsy Markey can talk all she wants.  Now she has a choice to vote with the Democrat leadership and kill jobs in Colorado or summon the courage to vote against the Democrat leadership and protect those jobs.”

Statewide, there are 7,969 employees working for the medical device industry. One out of every 280 workers in Colorado is employed in the medical device industry. The average medical device worker in Colorado earns $44,100, higher than the state average of $35,500. Statewide, there were $2,602,314 million in medical device sales in Colorado in the latest reporting year.
 
Congresswoman Betsy Markey VOTED AGAINST this same tax hike just last year. How will the Congresswoman vote this time?

 

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Will Dan Maffei Hike Taxes on Welch Allyn Workers in Skaneateles?


Posted by John Kartch on Thursday, March 11th, 2010, 2:38 PM PERMALINK


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Will Congressman Dan Maffei Hike Taxes on Welch Allyn Workers in Skaneateles? 
 New Obama healthcare plan endangers 16,607 New York jobs

WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congressman Dan Meffei will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the Welch Allyn facility in Skaneateles, New York. It employs 1,000 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congressman Maffei can talk all he wants.  Now he has a choice to vote with the Democrat leadership and kill jobs in New York or to summon the courage to vote against the Democrat leadership and protect those jobs.”

Statewide, there are 16,607 employees working for the medical device industry. Statewide, there were $4,789,721 in medical device sales in New York in the latest reporting year.
 
Congressman Dan Maffei VOTED FOR this same tax hike just last year. How will the Congressman vote this time?

 

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Will John Hall Hike Taxes on Balchem Workers in New Hampton?


Posted by John Kartch on Thursday, March 11th, 2010, 2:22 PM PERMALINK


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Will Congressman John Hall Hike Taxes on Balchem Workers in New Hampton?
New Obama healthcare plan endangers 16,607 New York jobs

WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congressman John Hall will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the Balchem facility in New Hampton, New York. It employs 50-100 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congressman Hall can talk all he wants.  Now he has a choice to vote with the Democrat leadership and kill jobs in New York or to summon the courage to vote against the Democrat leadership and protect those jobs.”

Statewide, there are 16,607 employees working for the medical device industry. Statewide, there were $4,789,721 in medical device sales in New York in the latest reporting year.
 
Congressman John Hall VOTED FOR this same tax hike just last year. How will the Congressman vote this time?

 

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Will Tim Bishop Hike Taxes on Chembio Diagnostics Workers in Medford?


Posted by John Kartch on Thursday, March 11th, 2010, 11:58 AM PERMALINK


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 Will Congressman Tim Bishop Hike Taxes on Chembio Diagnostics Workers in Medford?
New Obama healthcare plan endangers 16,607 New York jobs

WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congressman Tim Bishop will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the Chembio Diagnostics facility in Medford, New York. It employs 100 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congressman Bishop can talk all he wants.  Now he has a choice to vote with the Democrat leadership and kill jobs in New York or to summon the courage to vote against the Democrat leadership and protect those jobs.”

Statewide, there are 16,607 employees working for the medical device industry. Statewide, there were $4,789,721 in medical device sales in New York in the latest reporting year.
 
Congressman Tim Bishop VOTED FOR this same tax hike just last year. How will the Congressman vote this time?

 

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Will Jason Altmire Hike Taxes on Medrad Workers in Warrendale?


Posted by John Kartch on Thursday, March 11th, 2010, 11:33 AM PERMALINK


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 Will Congressman Jason Altmire Hike Taxes on Medrad Workers in Warrendale?
 New Obama healthcare plan endangers 17,482 Pennsylvania jobs

WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congressman Jason Altmire will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the Medrad facility in Warrendale, Pennsylvania. It employs 1,200 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congressman Altmire can talk all he wants.  Now he has a choice to vote with the Democrat leadership and kill jobs in Pennsylvania or to summon the courage to vote against the Democrat leadership and protect those jobs.”

Statewide, there are 17,482 employees working for the medical device industry. The average medical device worker in Pennsylvania earns $44,800, higher than the state average of $33,500. Statewide, there were $5,488,656 in medical device sales in Pennsylvania in the latest reporting year.
 
Congressman Jason Altmire VOTED AGAINST this same tax hike just last year. How will the Congressman vote this time?
 
There are other medical device manufacturing employees in Congressman Jason Altmire’s district who are endangered by this tax hike. They work at the following locations:
  • Renal Solutions in Warrendale – Renal Solutions employs 30-50 people
  • Evaheart Medical USA in Pitssburgh - Evaheart employs 7 people
  • Micor, Inc. in Allison Park – Micor employs 50-99 people

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Will Mike McIntyre Hike Taxes on TranS1 Workers in Wilmington?


Posted by John Kartch on Thursday, March 11th, 2010, 11:09 AM PERMALINK


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Will Congressman Mike McIntyre Hike Taxes on TranS1 Workers in Wilmington?
 
 
New Obama healthcare plan endangers 7,804 North Carolina jobs

WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congressman Mike McIntyre will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the TranS1 facility in Wilmington, North Carolina. It employs 120 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congressman McIntyre can talk all he wants.  Now he has a choice to vote with the Democrat leadership and kill jobs in North Carolina or to summon the courage to vote against the Democrat leadership and protect those jobs.”

Statewide, there are 7,804 employees working for the medical device industry. The average medical device worker in North Carolina earns $36,300 , higher than the state average of $30,700. Statewide, there were $2,706,456 in medical device sales in North Carolina in the latest reporting year.
 
Congressman Mike McIntyre VOTED AGAINST this same tax hike just last year. How will the Congressman vote this time?

 

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Will Melissa Bean Hike Taxes on Fenwal Workers in Lake Zurich?


Posted by John Kartch on Thursday, March 11th, 2010, 10:54 AM PERMALINK


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Will Congresswoman Melissa Bean Hike Taxes on Fenwal Workers in Lake Zurich?
 
 
New Obama healthcare plan endangers 9,967 Illinois jobs
 
WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congresswoman Melissa Bean will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the Fenwal facility in Lake Zurich, Illinois. It employs 40-100 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congresswoman Bean can talk all she wants.  Now she has a choice to vote with the Democrat leadership and kill jobs in Illinois or to summon the courage to vote against the Democrat leadership and protect those jobs.”
 
Statewide, there are 9,967 employees working for the medical device industry. The average medical device worker in Illinois earns $44,100, higher than the state average of $37,900. Statewide, there were $3,070,157 in medical device sales in Illinois in the latest reporting year.
 
Congresswoman Melissa Bean VOTED FOR this same tax hike just last year. How will the Congresswoman vote this time?

 

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Will Rep. Baron Hill Hike Taxes on Hill-Rom Workers in Batesville?


Posted by John Kartch on Thursday, March 11th, 2010, 10:07 AM PERMALINK


 
 Will Congressman Baron Hill Hike Taxes on Hill-Rom Workers in Batesville?
New Obama healthcare plan endangers 15,548 Indiana jobs

WASHINGTON, D.C. Buried in the latest government healthcare plan proposed by President Obama is a new tax on medical device manufacturers, who make everything from prosthetic limbs to pacemakers. The bill imposes a new tax of $2 billion per year (rising to $3 billion in 2017) on the industry. Congressman Baron Hill will have a chance to vote on this bill later this year.
 
This new tax will particularly hit the Hill-Rom facility in Batesville, Indiana. It employs 2,000 people—workers who may find themselves with a pink slip instead of a paycheck if this jobs-killing tax hike goes through.
 
“Washington politicians like to talk about jobs, but speaker of the House Nancy Pelosi and President Barack Obama want to raise taxes on the medical device industry that will kill jobs,” said Grover Norquist, president of Americans for Tax Reform.  “Congressman Hill can talk all he wants.  Now he has a choice to vote with the Democrat leadership and kill jobs in Indiana or to summon the courage to vote against the Democrat leadership and protect those jobs.”
 
Statewide, there are 15,548 employees working for the medical device industry. One out of every 190 workers in Indiana is employed in the medical device industry. The average medical device worker in Indiana earns $43,000, higher than the state average of $31,500. Statewide, there were $7,068,951 in medical device sales in Indiana in the latest reporting year.
 
Congressman Baron Hill VOTED FOR this same tax hike just last year. How will the Congressman vote this time?
There are other medical device manufacturing employees in Congressman Baron Hill’s district who are endangered by this tax hike. They work at the following location:
  • Medventure Technology in Jeffersonville -- Medventure employs 200 people

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