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Milton Wolf | Obamacare taxes mean Obamacare layoffs





America’s race toward the so-called “fiscal cliff” of automatic, massive tax  increases is only part of the problem. This Thelma has her Louise — the  Obamacare taxes — and hand-in-hand, these two terrors are racing toward Jan.  1.

The only thing worse than President Obama’s broken Obamacare promises are the  promises he intends to keep: the tax hikes. Remember when Mr. Obama promised  he’d never raise taxes on families earning less than $250,000 a year? He’d  prefer you didn’t, but when Chief Justice John  G. Roberts Jr. and the Supreme Court  put its stamp of approval on Obamacare, Mr. Obama became a court-certified  tax-raiser.

Most of the president’s health care takeover won’t begin until 2014, but  Democrats just couldn’t wait that long to start taxing you. The “Top Five Worst  Obamacare Taxes Coming in 2013,” compiled by Americans  for Tax Reform, is worth reviewing.

Obamacare Medical Device Tax. From pacemakers to MRI machines, if your health  depends on a medical device, you will pay more. Manufacturers will face  difficult decisions to compensate for the 2.3 percent excise tax on gross sales — levied even if a firm is not profitable. Will these firms charge you more, lay  off workers or sacrifice research and development? Answer: Yes, yes and yes.

More.



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