Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Health-Care Reform Taxes of 2013

Details

  • Description

    FBN's Liz MacDonald on the new health-reform taxes to start in 2013.

  • Duration 2:01
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- Los in the focus on the fiscal clip where so.

-- -- taxes this year designed to pay for president Obama's health care law Elizabeth -- here with more in the -- bottom -- Let me just like like we've seen earlier we're just being nickel and times yeah that's right Dana the president talked with said in march of 2010.

That the Affordable Care Act would not that the middle class.

A -- something somebody's tax hikes actually do -- the middle class.

Here's a president a march 2010.

Millions of people will get.

Tax breaks to help them -- -- -- which represents the largest middle class tax cut for healthcare in history.

Well no this -- about twenty new taxes eight it's tax hikes.

Eight of them and being enacted this year we're gonna show them to you.

And -- girl that's coming on the screen this is to pay for the high cost of affordable health -- 500 billion dollars.

In tax hikes over the next decade and you gonna see these are the ones being launched today.

Now the 3080 gonna see the flex health accounts being -- that's squarely aimed at the middle class.

A medical deductions -- that's gonna affect the middle class.

-- not a pretty scene tax hikes enacted that are hitting the middle class became Asia health savings account I not bring up in drugs -- And so you know whether or not we see the congress going forward.

As you point out Tracy we you know rescinding these nickel and dime moves mean some senior member of -- pleasant so we've got enact this bill to see what's -- -- we needed a microscope.

To see what's in it -- this is what we're finding as we go forward.

So we'll be tracking all these tax hikes don't forward and they are slowly being rolled out -- -- starting -- -- in 2011.

Adding up I think the worst -- the investment ones on investment income.

-- that is eventually they're gonna real they're going to be spent around the stock market without throwing.

Yeah and also ending of the went to is that Medicare payroll tax.

-- -- -- -- percent for the first time we're paying your taxes work.

Medicare like so much and that's cuts -- little pubs Liz MacDonald thanks very much worse but they.

Load More