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Obamacare Costs will be paid by Americans who make $120,000 or less (Video)

Posted by FactReal on July 2, 2012

Stephen Moore, senior economics writer with the Wall Street Journal, said on TV over the weekend that nearly 75% of Obamacare costs (and taxes) will fall on the backs of those Americans making less than $120,000 a year.
Stephen Moore explained last Thursday the ObamaCare Tax:

Talk about bitter irony. The details of the Supreme Court’s decision upholding the ObamaCare law are still being interpreted, but what is certain is that what saved the law was the “ObamaCare tax.” The Court ruled that the individual mandate to purchase health care or face a fine is a tax, not a requirement.

In other words, the Court said that Congress can impose a “tax” on people if they don’t buy health insurance.

[…] According to Congressional figures 70% to 75% of the “tax” falls on those who earn less than $200,000 per year, and that is 8 million non-rich people. So Mr. Obama argued this was a mandate and a fine to enforce the requirement to buy health care.

But then in front of the Supreme Court and lower courts, the Obama legal team shifted strategies and argued it was a tax after all…

The decision is an absurd and extraordinarily dangerous interpretation of the taxing power. If Congress wants to mandate people to eat right, exercise, say their prayers at night, would it be constitutional if Congress taxes people for not complying?

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