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Six Million People Affected By Uninsured Tax Penalty

The Patient Protection and Affordable Care Act may be the most controversial mandate of the President to date.  The law, popularly known as Obamacare, places a tax (as upheld by the U.S. Supreme Court) on a person’s economic inactivity.  When Obamacare was passed into law in 2010, the people that will be affected was estimated to be four million.  However, just a few days ago, the Congressional Budget Office (CBO) raised the number to six million.

Protests of Obamacare

With the passage of Obamacare, health insurance is now a legal requirement, even for those who earn less than $50,000 per year.  These are often employees who have been turned down by most health insurance companies.  What is shocking about this law is that it placed a tax imposition (some call it a tax penalty) for non-compliance with the mandate.  Those who fail to comply with the law will have their pockets picked by the IRS for an amount not less than $1,200.

Many have been disappointed by the law, as the President, when running for office, assured the public that he will not be raising taxes on individuals earning less than $200,000 per year and couples earning less than $250,000 per year.  Now all that seemed to have been taken for granted with the passage of Obamacare.

According to Rep. Dave Camp, R-Mich., the chairman of the House Ways and Means Committee, who also wants to get the law repealed, the President seems to be breaking more and more campaign promises.  He reveals that Obamacare is no less than a tax measure for the government.  The estimated earnings from the tax penalties starting in 2014 is somewhere between seven to eight billion dollars per year.  Nonetheless, the amount that will be charged was upheld by the Supreme Court as a form of tax and not a penalty, although many experts argue that it is a form of the latter.

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