Over the weekend, President Obama floated his latest tax hike plan in a desperate attempt to rescue his failing government healthcare plan.  Under the idea, any family plan premium in excess of $20,000 would have to pay income taxes on the overage.

A few points here:

  1. Because this would be a net income tax increase, this idea would violate the Taxpayer Protection Pledge
  2. Because this idea does not distinguish the income of the taxpayers, it would violate Obama’s promise not to tax families making less than $250,000 per year
  3. Because this tax increase would simply use the dollars to increase government spending, it can in no way be called "tax reform."  It’s just a plain old tax hike.