Friday, April 30, 2010

ObamaCare's “Largest middle class tax cut in history” actually going to insurers

The more you learn about ObamaCare, the worse it looks.

The Senate Republican Communications Center:

PRESIDENT OBAMA: "It's Also Important To Note That The New Health Reform Law Includes The Largest Middle Class Tax Cut For Health Care In History, and once it's implemented; millions of Americans will finally be able to purchase quality, affordable care and the security and peace of mind that comes with it." (President Obama, Weekly Radio Address, 4/10/10)

IRS: "The Health Care Subsidies Will Go Directly To Insurers, Not Taxpayers” “The IRS does a poor job of managing social programs. … In tax year 2006, the latest year available, IRS made $10 billion to $12 billion in erroneous EITC [Earned Income Tax Credit] payments, according to a study by the Treasury Department's inspector general. IRS officials argue that the two programs are vastly different. The health care subsidies will go directly to insurers, not taxpayers, giving individuals little incentive to cheat, says IRS spokesman Frank Keith." ("IRS Lacks Clout To Enforce Mandatory Health Insurance," USA Today, 4/29/10)
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