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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734972  
Subject: Obamacare Officially A Trillion Dollar Tax Hike Date: 10/4/2012 9:27 AM
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http://www.atr.org/official-obamacare-trillion-net-tax-hike-...

The Congressional Budget Office (CBO) today came out with new scores for Obamacare. The big statistic that caught our eye was that Obamacare is now officially a $1 trillion net tax increase.

The reason this number is bigger than in the past is because the gimmicks of that law are now running out. Tax hikes were scheduled to start several years after the passage of the bill, creating many "zero" years on a ten-year score. Well, it;'s been several years, so the window dressing chickens are coming home to roost.

In Table 2 of CBO's analysis of repealing Obamacare, they clearly point out how Obamacare is a net tax increase of $1 trillion (to the penny). If one were to remove the rest of the "zero" years, the net number would be more like $1.1 trillion.
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