Not only is the individual mandate a penalty tax, but it disproportionally hurts the poor and middle-class. At least 75 percent of the mandate tax will fall on Americans who make less than $120,000 annually, according to the Congressional Budget Office. Twenty-one percent of the tax hike will fall on people who earn just above the poverty level of $11,800 per individual, or $24,000 for a family of four.
The individual and employer health insurance mandate will cost an estimated $65 billion between 2014 and 2019. That’s a whole lot of dimes.
ObamaCare amounts to $1.7 trillion in taxes over the next decade. These taxes range from excise taxes on medical device manufacturers to hospital insurance taxes. Unless the law is repealed, it will be illegal for any American to not carry health insurance starting in 2014. Never before have American citizens been punished through taxation for refusal to buy a product simply because they exist.
The alarming ramifications of this mandate tax should scare the daylights out of every freedom-loving American. This Supreme Court ruling makes the IRS the enforcement arm of ObamaCare. Too bad if you don’t want to buy health insurance, an IRS agent might come knocking on your door. You have the false choice of buying health insurance or paying a hefty tax—but “it’s for your own good!”
President Obama has even refused to rule out jail time for people who don’t buy health insurance and refuse to pay the penalty tax in previous interviews. And this guy won a Nobel Peace Prize?
The Founding Fathers would be outraged that the federal government has the power to impose harmful taxes on citizens for not purchasing a private company’s product. Thomas Jefferson declared that states were “duty bound to resist” any federal law that violated the Constitution. Perhaps the states are really our best hope in stopping all unconstitutional federal actions.
Now that the Supreme Court has upheld ObamaCare, it’s more urgent than ever to abolish ObamaCare in its entirety. Full steam ahead—nothing but complete repeal of this monstrous law is acceptable. No exceptions, no excuses.
Julie Borowski is a Policy Analyst at FreedomWorks, an organization dedicated to lower taxes, less government, and more freedom. Her writings on economic policy have appeared in numerous newspapers and online outlets. She is on the Board of Advisors for the Coalition to Reduce Spending and she launched an independent YouTube channel called TokenLibertarianGirl in June 2011.
She was previously selected to be a Charles G. Koch Summer Fellow with the Institute for Humane Studies where she worked at the Center for Competitive Politics. Most recently, she was a government affairs associate at Americans for Tax Reform.
Julie has volunteered for political candidates in Kentucky and in her home state of Maryland. She graduated Magna Cum Laude from Frostburg State University in May 2010 where she studied political science, economics and international studies. She is now located in Washington, D.C.