Turn the Truth-O-Meter on yourself Commercial Appeal
Meet Mr. Truth-O-Meter: Bartholomew SullivanScripps Howard News Service Political Coordinator. Check out his Politico Facts and try to guess what his is agenda is. Do you think he might have it out for any and all Republicans?
Not only did the CA endorse Ms Bergmann's opponent this weekend who they know can not defeat their REAL congressional choice, Steve Cohen, (Just watch who they endorse in October) they sic their attack dog Sullivan to split hairs on exactly how big the BIG Obama Tax is. The REAL true fact that come across in this article is that, Yes, maybe, the tax to fund WWII in 1945 MIGHT have been larger than OBAMA TAX, it doesn't dispute the REAL TRUE FACT that is undisputed in the article that OBAMA TAX is one HUGE TAX that is on the way whether we like it or not. Do you think the people who are in the path of a hurricane care if it is a category 8 or 9?
Oh BTW the data that PolitiFact author Sullivan used to refute Ms. Bergmann's claims was the OTS papers from the Department of Treasury. Sounds pretty impressive, right? Well according to the Department of Treasury's own website the OTS Papers is characterized as follows:
"The Office of Tax Analysis (OTA) Papers is an occasional series of reports on the research, models, and datasets developed to inform and improve Treasury's tax policy and analysis. The papers are works in progress and subject to revision. Views and opinions expressed are those of the authors and do not necessarily represent official Treasury positions or policy. "
Commercial Appeal Editor, Since Bart Sullivan was using questionable data in his article, when will we be seeing a retraction?
In case you missed the taxes that Ms. Bergmann is referring to when calling the ObamaTax the largest tax in history, here are just some of what is in ObamaTax:
• Starting in 2013, Medicare payroll taxes increase 0.9 percentage points for people with incomes over $200,000 ($250,000 for couples filing jointly). Also, people at this income level would pay a new 3.8 percent tax on investment income. The 10-year tax increase: $210.2 billion.
• Starting in 2018, a new 40 percent excise tax on high-cost health plans, so-called "Cadillac plans" (over $10,200 for individuals, $27,500 for families), kicks in. That's a tax increase of $32 billion in 2018 and 2019.
• Starting in 2014, a new annual fee on health insurance providers begins. Total estimated 10-year tax increase: $60.1 billion.
• Starting in 2013, the floor on medical expense deductions on itemized income tax returns will be raised from 7.5 percent to 10 percent of income. That's estimated to be an additional tax of $15.2 billion over the next 10 years.
One of the facts that Mr. Sullivan conveniently left out of his article is that they keep finding out new costs/taxes in this bill. The CBO ~Congressional Budget Office~ has revised it's numbers upward as the years of full implementation of ObamaTax become a reality.
CBO’s initial scoring of Obamacare analyzed its effects from 2010 to 2019, including only six years of full implementation, since main spending provisions do not go into effect until 2014. The new document reports on 2012 to 2021, including an additional two years of full implementation. This still fails to show the true 10-year cost of the law, but gets a little closer. Over eight years, the gross cost of Obamacare’s coverage provisions jumps from $938 billion to $1.39 trillion, which includes $677 billion to create a new health entitlement offering generous subsidies to the middle class to purchase health insurance.
Here is a chart that shows the upward trend of the real costs of ObamaTax.
The CBO is going to adjust their scoring on the ObamaTax yet again due to the recent Supreme Court ruling. How much more will it cost us, the American taxpayer?
No comments:
Post a Comment