Unreal… Obama Actually Says Obamacare Is “Largest Health Care Tax Cut for Working Americans” in History
The absolute gall of this man!
Barack Obama told a group of female supporters yesterday that Obamacare represented “largest health care tax cut for working families and small businesses in our history.”
Philip Klein at The Examiner reported:
As part of a Mothers’ Day weekend defense of his signature legislative accomplishment, President Obama claimed that the law represented the “largest health care tax cut for working families and small businesses in our history.“
His argument was a Hail-Mary effort to redesignate subsidies for individuals to purchase health insurance on government-run exchanges as a “tax cut.” But according to the Congressional Budget Office, these subsidies actually qualify as more than $1 trillion in “Exchange Subsidies and Related Spending.” (Emphasis mine.)
Far from being a historic tax cut, Obamacare actually qualifies as one of the largest tax increases in history. It contains roughly $1 trillion in taxes — on insurance plans, medical devices and investment income. And many of the taxes will end up falling on the middle class.
The Obama Administration repeats this same lie on the official White House website.