American Enterprise Institute ^ | 07/04/2012 | Marc Thiessen
Now that the Supreme Court has ruled that the individual mandate is in fact a tax, the next question is: Who will it hit and by how much?
According to the Congressional Budget Office, of the 3.9 million people who will pay the new Obamacare tax, 3 million are middle-class individuals and families making less than 500 percent of the federal poverty level. They will collectively pay $1.9 billion in new taxes under Obamcare.
In other words, the president who swore he would not raise taxes on the middle class has hit 3 million middle class Americans with a nearly $2 billion tax increase.
Here is the story of the Obamacare tax in one easy chart:
According to the Congressional Budget Office, of the 3.9 million people who will pay the new Obamacare tax, 3 million are middle-class individuals and families making less than 500 percent of the federal poverty level. They will collectively pay $1.9 billion in new taxes under Obamcare.
In other words, the president who swore he would not raise taxes on the middle class has hit 3 million middle class Americans with a nearly $2 billion tax increase.
Here is the story of the Obamacare tax in one easy chart:
