Yet in The New York Times summary of what the Fiscal Cliff was all about, these tax increases were not even included. Think about that for a moment. Not only did President Obama get away with claiming that he was opposed to any new taxes on the middle class, no one in the mainstream news media and no one in the Republican Party ever took him to task for championing all manner of new taxes for middle-income families in his signature piece of legislation!
The new ObamaCare taxes that begin this month, by the way, include higher taxes for anyone who is sick and has medical bills exceeding 7.5% of income. They include higher taxes for families with special needs children who had previously been spending more than $2,500 a year from a Flexible Spending Account. And they will be reflected in higher medical bills for anyone who needs a hip or knee replacement, a pacemaker or any other medical device.
The new ObamaCare taxes are not just taxes on the middle class, they are also taxes on the sick. But you would never learn that listening to the Republicans.
My colleagues and I at the National Center for Policy Analysis have a reasonable proposal: push back the start date of the five new ObamaCare taxes and pay for that by pushing back the start date of ObamaCare.
This proposal is revenue neutral and it accomplishes two admirable objectives: (1) it delays tax increases at a time when the economy needs all the help in can get in reaching a speedy recovery and (2) it delays the mandated health insurance requirement at a time when it is patently clear that most of the states are nowhere near being ready to start enrollment on time (this October).
Sadly, the Republicans didn't even bring this idea up in the negotiations. It is still not too late to try it out.