Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
taxreformer
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
taxreformer
During his testimony at a Jan. 26 House Ways & Means Committee hearing on the new healthcare law, Austan Goolsbee squirmed and obfuscated while repeatedly denying an inconvenient truth about Obamacare: the law contains numerous tax hikes on those making less than $250,000 per year -- a violation of President Obama’s central campaign promise not to sign into law “any form of tax increase” on these families.
Rep. Pat Tiberi (R-Ohio) simply asked Goolsbee, -- chairman of the White House Council of Economic Advisers -- whether a series of tax hikes in Obamacare were indeed tax hikes.
Below are the cryptic and dishonest replies from Dr. Goolsbee when asked whether each of the provisions in Obamacare were indeed a tax increase (Click here to watch the video clip):
Rep. Tiberi: A new tax on individuals who did not purchase government approved health insurance?
Austan Goolsbee: uh- I don’t think that’s an accurate way to describe it, no.
Tiberi: Not a new tax?
Goolsbee: I don’t think that’s an accurate way.
(Americans for Tax Reform: The individual mandate excise tax takes effect in 2014, and when fully phased in two years later will require those not purchasing “qualifying” health insurance – as defined by the government – will have to pay a tax equaling 2.5% of AGI of $695, whichever is greater).
Tiberi: A new ban on the use of flexible savings accounts, HSAs, HRAs, on using pre-tax income to purchase over the counter drugs?
Goolsbee: uh I-I don’t, that’s not a tax increase of a normal form and that’s part of a broader reform effort obviously.
(Americans for Tax Reform: Under Obamacare, an individual may no longer use Flexible Savings Accounts (FSAs), Health Savings Accounts (HSAs), or Health Reimbursement Accounts (HRAs) to purchase over-the-counter medicines. The 40 million Americans using these accounts can no longer purchase items such as aspirin, cold and flu medicine, menstrual cramp pain relievers, antihistamines, and antacids).
Tiberi: An increase from 7 and a half percent to 10 percent of income the threshold after which individuals can deduct out of pocket medical expenses?
Goolsbee: . . . (shakes his head)
Tiberi: Not a tax increase?
Goolsbee: uh, I, as I’m saying, the, I do not consider the affordable care act as a whole to be a tax increase on people less than $200,000.
(Americans for Tax Reform: This provision puts a tough burden on individuals with particularly high medical expenses. Currently, an individual can deduct any amount of income they spent on medical expenses to the extent those expenses exceed 7.5 percent of AGI from their income. The Obamacare law raises that threshold to 10 percent. As a result families will be able to deduct less in medical expenses than they can currently. By shrinking this deduction, Obamacare increases (again) the total amount of taxable income. This means those individuals are going to have to pay more in taxes).
Tiberi: There are two more. Impose a new $2500 cap on family’s ability to use pre-tax dollars to fund an FSA?
Goolsbee: I twen- could you—
Tiberi: $2500 cap on—
Goolsbee: $2500 cap; I don’t, I don’t consider that a tax increase.
(Americans for Tax Reform: Taking effect in January 2013, this is another provision in Obamacare that leads to a substantial amount of pre-tax income spent on medical expenses becoming taxable income; again raising taxes by raising the amount of income that an individual is taxed on.
Currently, families can put their pre-tax income into a Flexible Savings Account (FSA) without a federally imposed cap to pay for various medical expenses. This greatly helps with parents trying to pay for expensive prescriptions for their children or parents who put money into the account to pay tuition for special needs schools or tutoring. By placing the $2500 cap on the amount of pre-tax income that can be used in this way, families will see their taxes potentially skyrocket depending on how much over that amount that they currently put in their FSAs. This cap has no exceptions of any kind, not for special needs children, not for Americans making less than $200,000 per year, and not for families making less than $250,000 per year).
Tiberi: A new ten percent tax on indoor tanning services?
Goolsbee: (chuckles) uh. . .
Tiberi: Not a tax increase?
Goolsbee: Well, that seems like a strictly voluntary, uh, thing that one could choose.
Tiberi: But not a tax increase?
Goolsbee: . . . (shrugs)
(Americans for Tax Reform: Goolsbee’s laughter shows his cluelessness as to how this tax has been impacting Americans since it went into effect July 1, 2010. This petty, burdensome, nanny-state tax affects both the business owner and the end user. Industry estimates from the Indoor Tanning Association show that 30 million Americans visit an indoor tanning facility in a given year, and over 50 percent of salon owners are women. There is no exception granted for those making less than $250,000).