As many of us warned in 2009, it turned out to be a fright-pig.
Not one Republican voted for the thing.*
“But we have to pass the bill so that you can find out what is in it…”, Nancy Pelosi, Mar 08, 2010.
For those who don’t know, here is what happened, quietly, on January 1, 2016:
Medicare Tax went from 1.45% to 2.35%
Top Income Tax Bracket went from 35% to 39.6%
Capital Gains Tax went from 15% to 28%
Dividend Tax went from 15% to 39.6%
Estate Tax went from 0% to 55%
A 3.5% Real Estate Transaction Tax was added
These taxes were all passed in the United States’ so-called “Affordable Care Act”, which is exactly the opposite of what it was advertised to be.
If you think it important for everyone in the U.S. to know what your democrat-led government has done to degrade the lives of working Americans, then pass on this message.
- The Republicans have since comported themselves in a manner that is less than exemplary. Not only did Republican-appointed Supreme Court judge the Hon. John Roberts find a shady way to declare the law “constitutional”, but after a Republican majority was finally elected to congress by the people who wanted them to overturn this punitive program, they failed to extract its rotten teeth or rescind it.