Governors of both political parties assail the health care bill as a job-killer that will drive up state deficits, increase taxes, and harm the economy.  The governors of New York and California warned that “their states will be crushed by billions in new costs.”

by Hans Bader at OpenMarket.org

The new tax on investors in the health care bill has been increased from 2.9 percent to 3.8 percent, but only a few media outlets like Bloomberg and Business Week are reporting it.

As the Washington Times earlier noted, Obamacare discriminates against married people, containing massive marriage penalties.  If you get married, your income will be hit by Obamacare’s increased tax rates a lot faster than if you just live together without getting married.  Under the bill, you will give up your right to federal health care subsidies at a lower income level if you are married than if you are an unmarried couple.  For many “low-income and middle-income couples, it could mean a hike of $2,000 or more in annual insurance premiums the moment they say ‘I do.’”  (While Obama won the 2008 election, he narrowly lost among married people.)  The new tax on investors is a classic example of the marriage penalty, since it kicks in at $200,000 if you are single — that is, $400,000 for an unmarried couple — but only $250,000 for a married couple.

Obamacare would also impose many middle-class tax increases, such as taxes on uninsured individuals, on cosmetic surgery, on medical devices, and on certain health-care plans.

Governors of both political parties assail the health care bill as a job-killer that will drive up state deficits, increase taxes, and harm the economy.  The governors of New York and California warned that “their states will be crushed by billions in new costs.”

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