The Supreme Court declared it a tax in June, and today the CBO increased the number of Americans who’ll be subject to it — to 6 million.
Six million Americans will pay the health care tax rather than obtain coverage under President Obama’s health care law, according to a new Congressional Budget Office estimate Wednesday — a 50 percent increase over CBO’s estimate of just two years ago.
CBO also said there will be 30 million people without insurance, though all but the 6 million will be exempt from the tax. The exempt residents are a combination of illegal immigrants and those with incomes too low to pay income taxes.
The agency said the government will collect about $7 billion from the tax in 2016, and $8 billion a year thereafter.
A couple points. First, I don’t get the part about illegal immigrants being exempt from the Obamacare tax. Does that mean they won’t receive any of Obamacare’s wondrous benefits and therefore won’t be subject to the tax? Or, does Obamacare mandate that American taxpayers provide “free” health care to the citizens of other countries? I honestly don’t know the answer to that question but given Obama’s record, I suspect the latter. Second, how is raising taxes on 6 million Americans, mostly in the middle class, consistent with Obama’s “firm pledge” to not raise any taxes on families making less than $250,000?
CBO increased the number of Americans subject to Obama’s massive new tax by 50% in just two years. Does anyone believe that number won’t go far higher as this unaffordable boondoggle gets rolled out? Anyone?