Remember when Rep. Nancy Pelosi climbed off her broomstick and told Americans that they needed to pass ObamaCare in order to find out what was in it? Well, there were a number of reasons why she said that and one of those reasons in particular will destroy middle-class America – the housing market and jobs.
Hidden within the 2000+ pages of the infamous health care bill is a provision that will impose a 3.8% sales tax on the sale of all homes effective January 1, 2013. That’s $3,800 in sales tax on a $100,000 home. What’s even worse is that if the housing market is still upside down in many areas when the tax goes into effect, people will still have to pay it while at the same time taking a loss on the home, resulting in an even greater negative impact on personal finances.
According to the National Association of Realtors, the new tax will be more than many families can afford and consequently more people will opt to stay in their homes rather than put them on the market. This will have a direct impact in new and existing home sales, which will have a direct impact on jobs and the economy.
What does a sales tax on homes have to do with health care? It was put into the bill to raise more than $200B in taxes to help pay for Obamacare.
Who’s responsible for this? The same person that said:
“I can make a firm pledge. Under my plan, 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.”
That’s right! He lied. The White House said that on Sept. 12, 2008 as part of his campaign promises for President. And remember that during the debt ceiling idiocy that took place earlier this summer, all we heard from those lying lips was that he wanted more taxes.
By the way, are you curious why the date for the home sales tax was picked for January 1, 2013? It’s because the next general election for President and Congress is in November 2012. He didn’t want any of us to know about the new tax until after the election.
I wonder how many Democrats that supported Obama, Pelosi, Reid, and ObamaCare know about this new home sales tax?
I also wonder if they’d still be supportive of their liberal lying heroes once they find out about it?
Every one of you needs to call, write, and fax your Congressman and Senator and tell them to take action now to stop this travesty from happening.