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The New Health-Care Law Taxes

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  • Description

    FBN’s Gerri Willis on the taxes added to pay for the health-care law.

  • Duration 1:54
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Too much.

Well when obamacare was signed nearly two and a half years ago as we were just talking about the president promised it would make health care more affordable.

And when he was campaigning back in 2008 promised not to raise your taxes.

If you make under 250000.

Dollars a year.

You will not see your taxes be increased by a single dime not your income taxes not your payroll taxes not your capital gains taxes -- -- But guess what he's wrong again on both counts because Obama -- introduces twenty new taxes.

And we don't have to wait -- -- quite fourteen to feel the pain.

In 2010 a handful of taxes took affect.

Including an excise tax on charitable hospitals that don't meet certain standards it was also a tax on indoor tanning.

We saw the introduction of the medicine cabinet tax last year meaning Americans are no longer able to use health savings accounts flexible spending accounts or help reimburse.

Reimbursement that is pre tax dollars for over the counter drugs.

Starting next year brace yourself that's when the big ones -- a surtax on investment in -- and medical device manufacturers see a new two and a half percent tax.

Also the Medicare payroll tax hike will get -- -- caps will be placed on medical deductions flexible spending accounts.

Not -- brings me back to 2014.

And the main burden of obamacare the individual mandate.

While we're debating that constitutionality.

Of this aspect of the lot make no mistake it's one big fat tax the individual penalty imposes a 95 dollar tax while -- space.

To grant.

Per employee if they don't have health care.

All told I'm talking about 420.

Billion dollars worth of taxes.

The broken promises just keep right on -- fingers crossed the court keeps these taxes for becoming reality.

Coming.

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