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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1955228  
Subject: Obamacare Tax Subsidies Explained Date: 6/23/2014 5:37 AM
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http://nymag.com/daily/intelligencer/2014/06/republicans-fin...

And so conservative objections to Obamacare are finally turning from the practical to the philosophical. In response to reports that Obamacare insurance turns out to be affordable, Roy, who has spent months warning of rate shock, mocks that “other people’s money will pay for it.” Conservative columnist Byron York likewise argues “Obamacare’s ‘good news’ applies only to the poor.”

Of course, people who get employer-sponsored insurance also get their coverage paid for with “other peoples’ money.” The difference is that employer-sponsored insurance uses a tax deduction, which gives the largest benefits to those who earn the most money, as opposed to Obamacare’s sliding scale tax credit, which gives the most to those who earn the least.

But at least conservatives are now representing their true bedrock position on Obamacare. It is largely a transfer program benefitting people who either don’t have enough money, or pose too high a health risk, to bear the cost of their own medical care. Conservatives don’t like transfer programs because they require helping the less fortunate with other peoples’ money.

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Tens of millions of dollars in tax subsidies for a wealthy Son of Privilege like Mitt Romney while he screwed good, Christian, middle-class workers out of their jobs, health insurance and pensions is patriotic. But give a middle-class family a tax break so they can afford health insurance, and it's a travesty.

GOP Tea-Baggers making less than $300,000/year are clearly bad at arithmetic.

intercst
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