President Obama likes to say his campaign is about building up the middle class, but his signature initiative in office will pile thousands of dollars in new taxes and higher health costs on top of America’s middle class. ObamaCare is nothing if not a massive redistribution machine. It places huge new financial burdens on some Americans, primarily those who already have health
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One of the most controversial aspects of the GOP’s "Basement Bill" (aka the #DeplorableCareAct) until now is that it was supposed to replace the current funding sources for the ACA (including a 3.8% tax on investment income and 0.9% Medicare payroll tax for the wealthy) with a tax on 10% of the premiums paid by those receiving employer sponsored insurance.namely, tens of millions of middle-class workers.
Fiscally, the legislation gives temporary minimal tax cuts to the middle-class – on the order of 1 percent. effort to dismantle healthcare safety nets in various ways. First, it would end the.
Robert Reich is still sounding the alarm for another group that will get screwed by Trump: those in the middle class who make just enough to put them over the limit for subsidies. Their premiums are going to go up and they will receive no help.
As Predicted, Obamacare Is Absolutely Killing The Middle Class. by tyler durden. mon, 08/22/2016 – 22:05. 0.. promised that the big health insurance companies would love the new Obamacare plans and would eagerly compete with one another to win customers in the new health insurance marketplaces.
This was a Q&A response to the question "why does ObamaCare suck so much". I framed the answer in a way that pointed out the root of why the ACA is lack-luster, rather than blaming the law or the Democrats.
Why Obama Can’t Rescue the Middle Class .. How the New Tax Law Screws the upper middle class.. sees Obama’s speech primarily as a way of "changing the subject from Obamacare to a subject.
How Obama lost the middle class. That’s the highest approval rating of four income brackets. obama’s lowest marks come not from the wealthy, as conventional wisdom might suggest, but from middle earners with incomes between $5,000 and $7,499 per month, who only give Obama a 44% approval rating.