First came the compliance burdens. Then came the expensive website woes, millions of policy cancellations and skyrocketing premiums. But if you thought Obamacare couldn’t be less popular, guess again. Here come the taxes.
As reported by Jennifer Robison, there are a slew of new taxes to help pay for the boondoggle that is the Affordable Care Act, and the Internal Revenue Service will be reaching deep into wallets to collect that money starting next year. Those with high incomes face the biggest increases, but people at all income levels ultimately will feel the costs of the health care law — beyond higher deductibles and out-of-pocket expenses. [Read more...]