It's also horrifically bad policy:
- It will target a much larger swath of the population than is promised.
- It will do little to reign in healthcare costs, just look at the Health Savings Account debacle, and the "Rand study from the 1970s found that higher co-pays and deductibles led patients to limit medically necessary care as much as wasteful care, possibly leading to more costly health-care needs later."
- Much of the tax revenue from this is from the completely delusional assumption that the money taken out of insurance will be returned to employees as wages by their employers.
Unsurprisingly, Obama is getting some pushback from the liberals in the House, most notably Raul Grijalva (D-AZ), who is saying that this clusterf%$# is his baby now, and he needs to work to make the bill better, and that this tax proposal violates Obama's campaign promise not to raise taxes on the middle class.
Of course, whenever a politician promises not to raise taxes on the middle class, he's lying.
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