Medicare taxes are climbing up, too. The bill requires single people earning $200,000 or more and couples earning $250,000 or more to pay an additional 0.9 percent in Medicare taxes.
Thinking about downsizing or buying a new home? There are new taxes on home sales tacked on the bill. ObamaCare imposes a 3.8 percent tax on home sales and other real estate transactions. Almost every homeowner qualifies as “rich” for one day, the day they sell their house.
Taxes on medical devices will also be going up to 2.9 percent under ObamaCare.
And we can’t forget the new 10 percent tax on tanning.
ObamaCare empowers the IRS for enforcement. The IRS is hiring 16,500 new enforcement officials. The IRS will confiscate tax refunds, place liens on property and seek jail time if healthcare penalties and taxes are not paid.
But don’t despair. As of July 14,130 members of Congress have signed a discharge petition that will force Nancy Pelosi to hold a straight up-or-down vote on HR 4972, a bill, proposed by Congressman Steve King, that repeals ObamaCare
In plain language, that means that the repeal of ObamaCare is actually within our grasp. Congressman King is upbeat, saying: “I am optimistic that we will be able to attract the 218 signatures we will need to force a vote on repealing ObamaCare. … Signatures on the discharge petition have come more quickly than I had expected.”
The Browns are bestselling authors and speakers. Together they write a national weekly column distributed exclusively by Cagle Cartoons newspaper syndicate. Floyd is also president of the Western Center for Journalism.
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