The Effect of the Obamacare Tax
Posted by Larry Doyle on February 5th, 2014 12:46 PM |
The release of the Congressional Budget Office report yesterday on the effects of Obamacare has not surprisingly set off a firestorm in respective political camps and among their media friends.
Let’s dispense with the heavy clanging noise connected to this topic that is resonating throughout our land and take a more measured approach in assessing the impact of the tax connected to Obamacare.
First and foremost, although many do not like associating the term “tax” in discussing Obamacare, let’s not forget that none other than Chief Justice Roberts told us that is exactly what it is in handing down his ruling upholding Obamacare.
Without being overly simplistic, whenever taxes are imposed behaviors change. To think otherwise is naive. (more…)
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