Read My Lips: 18 New 'Obamacare' Taxes

Tyler Durden's picture

Don't worry, the 'fiscal cliff' will all be taken care of; have no fear, the market AAPL will hold up into the election to sustain Obama's hope-and-change; and, as The Heritage Foundry blog reports, in that change, there are 18 new tax hikes on their way via Obamacare.

Not only did the President and his partners in Congress take $716 billion out of Medicare to pay for Obamacare, but they also raise taxes by $836.3 billion to pay for it, with $36.3 billion hitting Americans in 2013 alone. Here’s the Congressional Budget Office (CBO) and Joint Committee on Taxation‘s (JCT) updated cost of the Obamacare tax hikes and penalties.

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knightowl77's picture

Not a pawn...I lose nothing by voting while I prep and make other plans....

You can work within the system, while preparing for a new one...

kridkrid's picture

Your votes helps to provide legitimacy to something that should be abhorrent to those who think. The belief that it is your patriotic duty and a privilege to vote is pure propaganda.

Ar-Pharazôn's picture

if you vote you legitimate the system.


i would say it's quite easy to understand.


if in november no american would go to vote what could happen? they couldnt put romney or obama on the chair cause nobody elected him

knightowl77's picture

If the repugs win and do nothing about repealing obummercare , then that is when the sheeple will have had enough...IMHO

john39's picture

do we really need more evidence of the "two party scam"?  anyone with a functioning brain should get it by now...

gmrpeabody's picture

There are very few functioning brains left..., even here, at ZH, they have become outnumbered.

GeezerGeek's picture

Anyone who thinks elections and who gets elected don't have consequences is a fool. Reagan reversed the decaying situation created by Carter. The Republican sweep of Congress in 1994 led to at least a few years of nearly-balanced budgets despite Clinton's initial resistance. Obama's 2008 victory put the US on a far different course, in my estimation, than what would have been followed by the incompetent Senator opposing him in the election. Farther back, what if Henry Wallace had remained Roosevelt's VP rather than his being replaced by Truman?

Would Romney's policies be different than Obama's? I don't know. But based on what I've seen, they can't be any worse for the US. Obama acts like a wannabe despot, and I can't stand Michelle one bit. At least Laura Bush wasn't irritating.

Throw the old bums out. Bring in new bums.

kridkrid's picture

Nice narrative. Glad it's working for ya.

malek's picture

Very telling you don't mention once any effects of Bush II

redd_green's picture

Reagan cleaned up nothing.  Nothing!   The people who control the monetary system made the big changes.  Apparently, you read propaganda, but don't read history.   If you don't think so, then figure out how, the next time the Fed makes an adjustment to the monetary system, the president "caused it".   

MiltonFriedmansNightmare's picture

That may well be true, but if Romney wins, I don't have to look at the purple lipped Kenyan's face quite as often, so I've got that goin for me,, which in nice.....

divide_by_zero's picture

Or hear the Kenyan's whistling S in his speech pattern when he's talking primarily to whites. Sounds like the old pedaphile on Family Guy.

Hype Alert's picture

And once again, at least this won't affect the stock market.  [/sarc]  Onward and upward.

drchris's picture

They didn't take $716 billion of out Medicare.  They just fixed the glitch.  It'll just work itself out naturally.

phalfa5's picture

Hoping for more (of your) change ....

Hype Alert's picture

Anything not a tax, is a loophole.

SAT 800's picture

"Anything not a tax, will be." /there, fixed it for ya.

StychoKiller's picture


Let me tell you how it will be,
There’s one for you, nineteen for me,
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.
Should five per cent appear too small,
Be thankful I don’t take it all.
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.

(If you drive a car ), I’ll tax the street,
(If you try to sit ), I’ll tax your seat,
(If you get too cold ), I’ll tax the heat,
(If you take a walk ), I’ll tax your feet...

[/quote] -- The Beatles, "The Taxman"

Ar-Pharazôn's picture

i m not the best estimator/fan of "The Beatles"


but are these lyrics real?

Bizaro World's picture

drchris - nicely placed Officespace quote, unfortunately, most did not catch it.

Now where is my red stapler?


Arnold Ziffel's picture

Wait until the Internet Sales Tax hits this Fall. That will really stimulate consumer spending and the GDP....


ReeferMac's picture

I just love the concept of taxing companies for XYZ based on their percentage of the market that they own/operate?


Like THAT won't get passed down to the consumer (e.g. you and me....) Fucking idiot's.

phalfa5's picture

ooohhh....     french.  is that where we're headed?

Ar-Pharazôn's picture

to me looks like a nice idea.


monopoly's picture

And we wonder why small business owners hire fewer employees and let more go when they can. What a bunch of psycopaths we have running this country. 

XitSam's picture

Is a parasite a psychopath? Its job is to destroy the host.  All according to plan.

adr's picture

Higher taxes, higher food prices, more cash for gas, WHAT COULD GO WRONG!!!!

What I find troubling is the 12 month retail contract for nat gas never dropped below $4.79 per MCF. Even when nat gas hit under $2, the long term contracts never changed. In fact the current long term contract is actually more expensive than it was last year.

The best long term contract available for me right now is $4.89 plus $1.59 usage based charge. $6.48 total price per MCF of gas. $3.68 MORE THAN THE CURRENT WHOLESALE SPOT PRICE!!! The longer term two and three year contracts are even more expensive. Not to mention the taxes, fees and $25 base charge.

I currently use a monthly variable rate that has a total cost of $4.74. Do I keep that and bet that natgas stays low, or do I pay nearly $2 more per MCF to lock in a price for the next year?

This is the kind of bullshit Wall Street and Washington has pushed on regular people. Energy Choice was supposed to reduce costs but it only sent the average bill 300% higher in less than a decade. Ten years ago the monthly base charge was $5 and there was no usage based charge added to each MCF of gas. Your bill was $5 plus $.50 higher than the month end contract for gas per MCF. Taxes and other fees added about 3% to the bill.

If you used 1 MCF of gas based on the old system your bill would be right around $8.55. Today the same usage would net you a bill of $30.64. I'm sure somewhere some politician is claiming that this plan saved people money.

Just like some natural gas supplier is saying they aren't making any money when they can buy a contract for natgas for $2.80 per MCF and sell it for over $6 retail.

ebworthen's picture

And utility monopolies that supposedly provide the best service at the best price.

As if mandating health insurance is going to make service better and lower the price.

What planet are these people from?

redd_green's picture

Why, massachusetts.   Obama care is Romney Care!   Isn't that special?   Damned no matter which crooked party you vote for.

mrktwtch2's picture

zzzz..will somebody pleas knock apple off 30 bucks so we can get some movement here!!

ebworthen's picture

They need to tax the piss out of us to support he sickcare industry of big pharma, corporate hospitals, "insurance" parasites, and the American Bar Association.

This isn't about "healthcare", it is about "mo' money, mo' money, mo' money" for everyone but the middle class and perpetuating and deepening our indentured servitude to the kleptoligarchy.

TimmyB's picture

No shit.  Romenycare is Obamacare, so how can any thinking person think that Romney is going to get change shit, other of course reinstalling all the Bushies after getting rid of all Obama's Clintonites?   

Sure, taxes will need to be raised to pay for WhoeverCare, but can we look at who's going to be getting all that money?  Why, what a suprise, Obama has hundreds of billions of dollars of taxpayer dollars going to private insurance companys to pay for private insurance policies.  Talk about Wall Street wins again!  Obama, who some morons actually believe is a socialist, put fucking finance industry skimmers incharge of this nation's healthcare program.  What a Marxist Statist NOT.   

Open your eyes. 




zebrasquid's picture

Landslide coming.  Latent dislike and distrust of Obama and his putrid blend of incompetence, arrogance and unExceptionalism is boiling just below the surface and will soon erupt.

The magic negro act has gotten very stale.

kridkrid's picture

A fine example of talk radio doing the thinking for a large % of people. It is very interesting to track.

GeezerGeek's picture

Do you really think the recent cover of Newsweek makes it a part of talk radio? Or that the editors thereof are Rush Limbaugh fans? Go post on Daily Kos if this is the best you can do.

kridkrid's picture

If the elite want a landslide election in the fall, the elite will get a landslide election in the fall. They can give it to whichever candidate is best able to advance their cause and they can do it whenever they want. The elite are best served by dividing and conquering, thus our two party system. The objective is to keep people divided and distracted.

Newsweek... What exactly is your point about Newsweek? It is basically a merged entity with the Daily Beast and is little more than a mouthpiece for all sorts of political elite. They get to shape our thoughts.

kridkrid's picture

Let me add one more thought on Newsweek... Do you not see how that cover just provided you with legitimacy? I mean just look at your post... See, even Newsweek agrees. People will watch a debate, but wait for the pundits to tell them what to think. Choose the flavor of pundit-tacracy that you like and go. The post that I responded to used the EXACT language that I heard recently on the hannity radio program. I listen a couple times a week, morbid curiosity.

GeezerGeek's picture

Perhaps it's just my browser or my timing, but thanks for the irony: An ad from Ditzy Wasserman-Schultz requesting me to sign a petition asking Republicans to stop playing politics with healthcare appeared right next to the line about Obamacare stealing $716 billion from Medicare. 

A very small part of me wants Obama to win and the Democrats to retain control of the Senate, because then all those nitwits who voted them in will be forced to suffer the consequences. Unfortunately, all the nitwits who did not vote for them will also suffer the consequences.

I guess one-world government can't work if America remains strong and independent.

jplotinus's picture

We know that capitalism cannot afford to pay wages, benefits for healthcare, let alone pensions. And, health and pensions also cost too much for the US government because those items require taxation.

The USA gets this. I wonder what's the matter with the rest of the developed countries on the planet? They all adopted some form of public, universal healthcare for their citizens at least 65 years ago, at the latest.

Boy are they ever behind the times..,


divide_by_zero's picture

You must mean socialism cannot afford to pay, it always ends the same when they run out of other people's money. US now heading towards that cliff, no sign of capitalism here.

gamera9's picture

1.5 billion from 10% excise tax on tanning. How is the industry 15 Billion a year? If our nation goes back to parasols and powdered wigs as a fashion trend, there is our black swan.

johnQpublic's picture


youngman's picture

We need a two tierd for the and not so good...and one for the people that care for good care....

And not one paragraph on Tort Reform....eliminate the lawyers and you can cut 30% overnight.....I know...I live in Colombia where I just had an Cat cost...including copies....$ lawyers required other saftey tests...

jplotinus's picture

Capitalism, albeit in its crony and it's corporatist format is ALL there is in America.

It is utterly fraudulent to refer to America as Socialist in any way. America has next to zero (0) socialist elected officials, now and in the past. This state of political representation is unmatched anywhere on the planet. At the other extreme, perhaps, it is apt to say that America has as much chance of going socialist as, say, North Korea has of going Capitalist, and maybe less.

El's picture

Really? So if I, as a taxPAYER, am not paying for the 46.5 million people who are on food stamps, who is? If I, again as a taxpayer, am not paying for people who don't work to live, then who is? Please...tell me who is paying for the government ownership in previously privately owned companies like GM and Fanny Mae? Where are they getting the money for government cheese, education subsidies, bailouts, our 16 trillion dollar deficit and the continually expanding government and salary of those who work for our government? Who pays for those taking a free ride in America if they aren't taking from those who have and giving it to those who have not?

If that's not socialism, then I don't know what is. Perhaps we aren't seeing it in a "pure" form, but what we are living in is much closer to socialism than it is to capitalism.

Bicycle Repairman's picture

Taxes are going up after the election no matter who gets elected.

jay28elle's picture

Not so sure, at least not initially.  That is, if Romney sticks to campaign promises.  We need a shot of some of that Reaganomics...