Obamacare Taxes

From Don Surber:

The taxes in the Baucus proposal:

1. If You Have Insurance, You Get Taxed

$201 billion from excise tax on some union and other generous health plans:

Joint Committee on Taxation: “40% excise tax on health coverage in excess of $8,000/$21,000 indexed for inflation by CPI-U plus 1% and increased thresholds for over age 55 retirees or certain high-risk professions.”

Congressional Budge Office: “Estimated budgetary impact of the amended chairman’s mark… $201 billion in revenues from the excise tax on high-premium insurance plans.”

New York Times: “Nationwide, About One In 10 Family Insurance Plans Would Be Subject To The New Excise Tax, According To The Center On Budget And Policy Priorities, A Liberal-Leaning Policy And Research Group.”

2. If You Don’t Have Insurance, You Get Taxed

CBO: “Penalty payments by uninsured individuals, which would amount to $4 billion…”

3. If You’re An Employer Who Can’t Afford To Provide Health Insurance To Your Employees, You Get Taxed

CBO: “Penalty payments by employers whose workers received subsidies via the exchanges, which would total $23 billion…”

4. If You Use Medical Devices Like Hearing Aids Or Artificial Hearts, You Get Taxed

JCT: “Impose annual fee on manufacturers and importers of certain medical devices… $38.6 [billion].”

5. If You Take Prescription Drugs, You Get Taxed

JCT: “Impose annual fee on manufacturers and importers of branded drugs… $22.2 [billion].”