If you earned $1 Obama increased your taxes. If you did not have health insurance you were charged thousands of tax dollars for not having it. President Trump stopped that cold. No penalty for not being able to afford or for not wanting health insurance.
Obama caused a ‘massive’ tax increase on middle class said Jeb Bush. Jeb was right about that.
Obamacare Tax Increases Will Impact Us All said the Rax Foundation on March 5, 2013
“The TRILLION DOLLARS IN TAX INCREASES from the Affordable Care Act have the potential to hinder small business and investment, and further set back a struggling economy.
“The Joint Committee on Taxation recently released a 96 page report on the tax provisions associated with Affordable Care Act. The report describes the 21 tax increases included in Obamacare, totaling $1.058 trillion – a steep increase from initial assessment. The summer 2012 estimate is nearly twice the $569 billion estimate produced at the time of the passage of the law in March 2010.
Good thing that Obama was stopped after eight long, horrible years as president or he would have taken even more of youe money.
How much did President Trump cut your taxes? Based on what we know so far, the plan could save Americans’ $3 to $7 trillion over a decade– our base-case estimate is $5.5 trillion in lower taxes over a decade.
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