There’s really no nice way to say it. Republicans and conservatives are lying to you about Obamacare. They failed in their attempt to get the SCOTUS to overturn the law. The judicial branch of our government under the power granted to them by our Founding Fathers, declared the law to be constitutional. In response to losing in court, Republicans and conservatives flooded the airwaves feverishly wailing Obamacare is the biggest tax increase in the history of the universe. History would disagree.
Let’s review the facts. Here’s a chart of the major tax increasing programs since the 1950s.
The largest tax increase in the law is on high earners, who will see their Medicare payroll taxes increase by 0.9 percentage point and who will also pay a slightly higher rate on investment income.
In other words, the wealth holders who cashed in on the Wall Street scams are being asked to finally trickle down a little of their windfall profits for the good of our country. Which apparently to Republicans and conservatives is a mortal sin. They’re hysterically vowing to repeal the whole law and leave millions of Americans with no access to affordable health care.
Of course it’s useful to remember all these Republican Congresspeople will still have gold plated health care at bargain rates if Obamacare is repealed. Their coverage is safe no matter what they do to weaken your health care security.