Tax Penalty to hit nearly 6M uninsured people under ObamaCareSeptember 20, 2012 No Comments
September 20, 2012 / MariaNews.com
Tax Penalty to hit nearly 6M uninsured people under ObamaCare
FoxNews.com - Nearly 6 million Americans — most of them in the middle class — will face a tax penalty for not carrying medical coverage once President Barack Obama’s health care overhaul law is fully in place, congressional budget analysts said Wednesday.
The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises.
The numbers from the nonpartisan Congressional Budget Office are significantly higher than a previous projection by the same office in 2010, shortly after the law passed.
The earlier estimate found 4 million people would be affected. The difference — 2 million people– represents a 50 percent increase.
That’s still only a sliver of the population, given that more than 150 million people currently are covered by employer plans. Nonetheless, in his first campaign for the White House, Obama pledged not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000.
Read more: http://www.foxnews.com/politics/2012/09/19/tax-penalty-to-hit-nearly-6m-uninsured-people/?test=latestnews#ixzz271X5r99T
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