During the course of his pre-Super Bowl interview with Bill O’Reilly, President Obama said “I didn’t raise taxes once”. I guess he forgot.
This year a new additional $2.7 billion a year tax was imposed on drug companies under Obamacare. Doesn’t affect me, you say? Of course it does. Drug companies, unlike the federal government, can’t print money, so this tax is being paid by you in the form of higher drug prices. Personally, I’ve already noticed the increase.
Next year, under Obamacare, medical device manufacturers will pay an additional $2 billion per year in new taxes. Who do you think will pay for that?
And, beginning in 2013, if you earn any interest or dividend income, you must pay an additional 3.8% tax on that income as a “Medicare” surtax.
Beginning in 2014, insurance companies will pay an additional $6 billion per year in taxes. Can you say higher premiums?
Were that not enough, beginning in 2014, if you don’t have a health insurance policy that is approved by the federal government, you will pay a tax (yes, the government is now calling it a tax) of up to $2500 per year.
I really want to believe my President when he says something, but…
Then again, President Obama is corect. He didn’t raise taxes once.
UPDATE: Here’s the young President with the whopper of the day.