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.”

Not true.
obamatax

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.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!