Tuesday, April 15, 2014

Taxes and Health Care Go Up Under Obama


By Douglas V. Gibbs


Since taking office in 2009, President Barack Obama has formally proposed a total of 442 tax increases, according to an Americans for Tax Reform analysis of Obama administration budgets for fiscal years 2010 through 2015.

The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare.

“History tells us what Obama was able to do. This list reminds us of what Obama wanted to do,” said Grover Norquist, president of Americans for Tax Reform.

The number of proposed tax increases per year is as follows:

-79 tax increases for FY 2010

-52 tax increases for FY 2011

-47 tax increases for FY 2012

-34 tax increases for FY 2013

-137 tax increases for FY 2014

-93 tax increases for FY 2015

Perhaps not coincidentally, the Obama budget with the lowest number of proposed tax increases was released during an election year: In February 2012, Obama released his FY 2013 budget, with “only” 34 proposed tax increases. Once safely re-elected, Obama came back with a vengeance, proposing 137 tax increases, a personal record high for the 44th President.

In addition to the 442 tax increases in his annual budget proposals, the 20 signed into law as part of Obamacare, and the massive tobacco tax hike signed into law on the sixteenth day of his presidency, Obama has made it clear he is open to other broad-based tax increases.

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Survey shows ObamaCare sending premiums rising at fastest clip in decades

A recent survey of 148 insurance brokers shows that ObamaCare is sending premiums rising at the fastest clip in decades.

"For the last, about, five years they've been doing this survey, so this was the largest percentage increase in any quarter since they've been doing (it)," says Scott Gottlieb of the American Enterprise Institute.

"But at 12 percent, 11 percent increase on average across all the states -- that puts it at the upper end of any increase we've seen for decades."

That is the national average in a survey done by Morgan Stanley. But in some states, it found rates are soaring.

"There are specific states with exorbitant increases," says Gottlieb. "Delaware had 100 percent increase, Florida had a 37 percent increase, Pennsylvania 28 percent increase, California had a 53 percent increase in their premiums."

Rates vary widely, often depending on the state and how highly regulated it was to begin with. Analysts, however, say the main reasons for the higher costs are not medical inflation, but rather the requirements of ObamaCare itself.

"There are certain regulations and certain requirements that had to be in there. And because of that it's driven up the costs of these benefits," says John DiVito of the Flexible Benefit Service Corporation, which represents hundreds of agents.Rate hikes include ten essential health benefits along with more than 20,000 pages or regulations.

The reported hikes are for the first policies issued under ObamaCare in 2014.

-- Political Pistachio Conservative News and Commentary

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