“In his ruling, Vinson criticized Democrats for seeking to have it both ways when it comes to defending the mandate to buy insurance. During the legislative debate, Republicans chastised the proposal as a new tax on the middle class. Obama defended the payment as a penalty and not a tax, but the Justice Department has argued that legally, it’s a tax.”
“A federal judge in Florida on Thursday ruled that challenges to the healthcare reform law’s individual mandate and its Medicaid expansion can proceed. The widely expected ruling does not mean that Florida Northern District Senior Judge Roger Vinson agrees that the law is unconstitutional, only that the arguments against it can’t be dismissed out of hand as the Obama administration had requested.”
“A federal judge on Thursday ruled that a lawsuit against the new health care law brought by 20 states led by Florida can go forward. In a 65-page ruling, the judge rejected the Obama administration’s attempt to have the suit thrown out, arguing that the states had a ‘plausible claim’ to challenge the law’s constitutionality. While U.S. District Court Judge Roger Vinson dismissed some of the states’ claims, he sided with them when it came to the central challenge to the law — that forcing individuals to purchase health insurance exceeds the government’s authority under the Commerce Clause.”
“This paper estimates PPACA will impose an additional, hidden cost of $157 billion to $494 billion in the form of reduced economic output. Related provisions (such as the so-called ‘doc fix’) could drive the economic losses to $550 billion, or more than half of the bill’s official cost estimates. Failing to account for this hidden tax multiplier biases legislative decisions toward more costly policies.”
The Administration has a high-level staffer responsible for pitching ObamaCare who took to the White House blog and made demonstrably false statements. She claimed that ObamaCare would absolutely not tax insurance benefits, while the law specifically as a tax on “Cadillac” health insurance plans.
“Well, Obamacare has barely started taking effect, and the evidence is already rolling in. I hate to say we told them so, but … we told them so. The laws of economics have struck back.”
“Our economy will have to find a way to restore its growth in spite of ObamaCare, not because of it.”
“Fewer than 2 million of the nation’s 6 million companies with employees qualify
for the small-business tax credits included in the new health insurance reform
law, says the National Federation of Independent Business. The law’s supporters
had projected that twice as many small businesses would qualify for the tax
Sen. Blanche Lincoln (D-AR) is the first Senate Democrat to endorse Sen. Mike Johann’s (R-NE) bill to repeal the restrictive new business reporting requirements in ObamaCare. The provision is entirely unworkable, and even the IRS has questioned its worth.
The onerous new tax reporting requirements of ObamaCare which forces businesses to file IRS paperwork on a vast number of business transactions was up for a vote to be repealed in Congress and failed. 40 million businesses would be hit by the requirement.