CBO Confirms Obamacare Tax Will Hit the Middle Class

When Obamacare was being dragged through closed-door sessions and backroom deals, the White House went out of its way to reassure the country that only rich people would suffer from it and that no one in the middle class would feel any financial burden from the passing of the beast.

As details emerged, it became quickly apparent that the Administration was lying and that the “Affordable” Care Act would impact millions of people financially. Still, the Administration insisted it wasn’t true.

Then the Supreme Court had to rewrite the law to make it constitutional and declared it to be what it was all along, a tax — the biggest tax increase in history. But King Obama and his Administration quickly backpedaled, saying it wasn’t a tax, just a package of fines, penalties and assorted threats.

Now yet another source, the nonpartisan Congressional Budget Office, has confirmed that Obamacare will be a tax increase on at least 6 million people, representing an average hike of $695 per person. (As with most government estimates, you may be justified in multiplying by three the number of people who will ultimately be affected.)

At least three-fourths of those people are in the middle class, 4.7 million, with average incomes of about 500 percent of the poverty level — $60,000 for individuals and $123,000 for a family of four by the year 2016, the CBO estimates.

Remember back in 2008, when Obama was still running for office? On Sept. 12, 2008, he promised “no family making less than $250,000 a year will see any form of tax increase — not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”

File it under Obama Lie #12,463.

Tack that on to all the other damage Obamacare is doing to our economy through raising labor costs, raising Medicare taxes, stealing $716 billion from Medicare to fund Obamacare and practically ensuring a swift jump in unemployment and uninsured people as businesses realize they just can’t make their budgets with all the new regulations.

But hey, at least we’ll all be able to spend quality time together waiting in long lines for treatment of our critical injuries and fatal diseases at hospitals rather than having to make an appointment with a doctor who knows our names.

And after all, isn’t shared pain what this Administration is really all about?