Time to Repeal Obamacare’s $1 Trillion Tax Hike

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Time to Repeal Obamacare’s $1 Trillion Tax Hike

The following press release was published by the United States Committee on Finance Ranking Member’s News on Dec. 2, 2015. It is reproduced in full below.

American Workers & Job Creators Forced to Foot the Bill for Failed Health Law

From the outset, Obamacare has been a sad series of broken promises that has failed to address one of the top concerns Americans have when it comes to health care: rising costs.

Dramatically higher health insurance premiums are falling on the back of middle-class families and job creators and states are struggling to implement and maintain the law’s costly mandates.

Even worse, Americans are footing the bill.

That’s right, Obamacare’s massive expansion of government was paid for with more than a trillion dollars in tax increases. And, these often hidden and masked tax hikes are putting a serious dent in the pocketbooks of almost every American household.

Take a look at Obamacare’s trillion dollar tax hike:

Whether it’s additional wage and income taxes or passed on to health consumers in the form of higher fees and costs, Obamacare is a trillion dollar tax hike that families, job creators and entrepreneurs simply cannot afford. It’s time to repeal that burden.

Source: Ranking Member’s News

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