The April 15th deadline for filing your income tax returns
is swiftly approaching. And, millions of
Americans are in for a nasty surprise, all thanks to ObamaCare:
Half of all households that received ObamaCare tax credits
last year will likely owe money to the federal government, a new study found.
Nearly all families that received tax credits will either
owe money or receive extra money because their tax filings had changed after
they calculated their
ObamaCare subsidies, according to a new report by the Kaiser
Family Foundation.
Only 4 percent of households received the correct subsidy,
according to the report, which uses data from the national Survey of Income and
Program
Participation.
This tax season also marks the debut of the ObamaCare tax
penalty for people who have failed to purchase health insurance as mandated
under the law. The U.S.
Treasury predicts that about 6 million Americans will end up
owing the tax penalty.
The tax penalty, the botched subsidies, and the spikes
people have seen in the cost of their health insurance premiums are just a few
of the ways that
ObamaCare has managed to surgically separate people from
their hard earned money.
What needs to be done is clear: We need to repeal ObamaCare
to stop the harm that it is causing to the country, and we need to replace it
with market-based
reforms that make heath care both accessible and affordable.
That's why IWV has launched our newest initiative - A Bridge
to Better Health Care. Working with policy experts, Members of Congress, and
individuals at the
grassroots level, IWV's new project is building a broad
coalition supporting an actionable repeal and a replacement plan that can be
implemented with the inauguration of a new president in 2017.
Source: Carrie Lukas, VP for Policy & Economics
Independent Women's Voice
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