Obamacare Makes Tax Day Even More Painful
Tax season is here again, and the U.S. government expects some 150 million American taxpayers -- businesses and individuals -- to promptly and accurately pay their "fair share," making sure they keep current on the myriad new and obscure tax code provisions that affect how much you and your family or employees owe.
In addition to the general unpleasantness of it all, this is the second year Americans will be saddled with a new and bigger financial tax burden, thanks to President Obama's "Affordable Care Act". The harm that Obamacare does to Americans of all stripes will once again be vividly highlighted.
Obamacare's tax bites are numerous, but two of them in particular will take center stage this month: the individual and employer mandates. Obama and the Democrats sold them to the American public as a way to extend health insurance coverage to more people, but instead they've hurt career and job prospects for millions of lower and middle-class Americans, making life for everyone a little harder. Thanks, Mr. President. And thanks, Democrats.
Time Magazine -- hardly a Tea Party mouthpiece -- has more details here.Read More... Local Archived Copy