Small Business Against Big Government

A non-partisan study finds that ObamaCare will raise taxes on the middle class, a direct violation of his campaign promise not to raise taxes on anyone making less that $250,000 per year.

The Senate health care bill crucial to saving President Obama’s signature domestic initiative will hit the wallets of a quarter of all Americans making less than $200,000 per year, according to an analysis by the nonpartisan Joint Tax Committee that assessed the way the bill would hit taxpayers directly through new taxes and fees and indirectly through taxes levied on health care providers and passed on to consumers.

The committee also determined that the bill would subsidized insurance premiums for 7 percent of taxpayers — about 13 million people — while some 73 million people would face higher costs from the new fees and taxes.

“For every family that gets some benefit from this program, in other words, a premium subsidy, three families are going to get a tax increase and those three families obviously include the bulk of people you’d call middle class America,” Sen. Chuck Grassley, R-Iowa, told Fox News.

Watch the words directly from the Dissembler-in-Chief’s mouth.

Please subscribe to our RSS feed and join our Facebook group to stand with other small business people against Big Government.