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Varney: Health-Care Taxes a Recipe for Recession

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  • Description

    FBN's Stuart Varney on how Obamacare is an attempt to redistribute wealth.

  • Duration 1:25
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Businesses thought that the Supreme Court would bring Obama -- to a screeching halt business is -- -- will be declared unconstitutional.

The bullet they thought would be -- As we now know it was not to be.

So here's my take on Obama -- and the taxes that will pay for it I don't think we quite realize what we're in full he is a list.

If you don't buy insurance you'll -- -- tax if your employer doesn't offer insurance it will pay a tax.

-- be a new tax on all health insurers and the entire Biotech industry.

There will be a new tax on medical devices like hips and knees and a new tax on generous insurance coverage.

There's even a new tax on something called black -- cut back is a bio fuel.

Plus there are restrictions on your health savings account you'll flexible spending account -- tax deduction for medical expenses please don't forget the higher tax on investment income have a higher Medicare taxes well.

I don't have time for the full list that's just partial.

So here's the bottom line.

This is wealth redistribution.

-- launch it makes follows a look a lot more like Europe and it continues the transfer of wealth.

From the young to the old but was -- -- These taxes hit just when the economy is slowing and that is a recipe for recession.

And that's my take what do you think.

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