Top Ten Tax Increases in ObamaCare House Bill H.R. 3962
Filed under Heath Care , Issues , National Debt , Obama , Taxes
House Democrat leaders are pushing for a Saturday vote on their sweeping health-care bill.
There are certain Democrats who MUST be called every day from now until the vote, which may be as early as Saturday now. Here’s the Target 92 list on the House side to all vulnerable and Blue Dog Democrats. Blue Dogs are in blue. Here’s the .xls and .pdf versions. Of note, the first 40 on the list are the Blue Dogs that signed the “deficit-neutral” letter mentioned above. Everything you need to email their staff, write letters, make phone calls and send faxes, both to their district and Capitol Hill offices.
Keep calling out to the House and to the Senate in general. Of course, you can also reach them via the Capitol switchboard at (202) 224-3121. And of course, here is the CapWiz alert so you can contact your own members directly.
Top Ten Tax Increases Included in ObamaCare House Bill H.R. 3962
1. Small Business SURTAX (Sec.551, p. 336) – $460.5 Billion
2. Employment Mandate TAX* (Secs 511-512, p.308) – $135 Billion
3. Individual Mandate TAX* (Sec. 501, p.296) – $33 Billion
4. Medical Device TAX* (Sec.552, p. 339) – $20 Billion
5. $2,500 Annual Cap on FSAs* (Sec. 532, p. 325) – $13.3 Billion
6 Prohibition on Pre-Tax Purchases of Over-the-Counter Drugs through HSAs, FSAs, and HRAs* (Sec. 531, p.324) – $5 Billion
7. Tax on Health Insurance Policies to fund Comparative Effectiveness Research Trust Fund (Sec. 1802, p.1162) – $2 Billion
8. 20% Penalty on certain HSA Distributions* (Sec. 533, p.326) – $1.3 Billion
9. Other Tax Hikes and Increase Compliance on U.S. Job Creators – $56.4 Billion
………> IRS reporting on payments to certain businesses (Sec. 553, p.344) – $17.1 Billion
………> Delay implementation of worldwide interest allocation rules (Sec. 554, p. 345) – $26.1 Billion
………> Override U.S. treaties on certain payments by “insourcing” business (Sec. 561. p. 346) – $7.50 Billion
………> Codify economic substance doctrine and impose penalties (Sec.562, p.349) – $5.7 Billion
10. Other Revenue-Raising Provisions – $3 Billion
TOTAL TAX INCREASE . . . . . . . . . . $729.5 Billion
*[Violates President Obama's pledge to avoid tax increases on Americas earning less than $250,000]



