WSJ Editorial: “Obamacare’s Tax on the Poor”
“More than 75% of penalized households [under Obamacare] made less than $50,000 and nine in 10 earned less than $75,000. . . . These Americans are paying a fine to avoid purchasing a product they don’t want or can’t afford but government compels them to buy.”
ObamaCare’s Tax on the Poor
Editorial
The Wall Street Journal
September 22, 2017
Democrats claim to have a monopoly on caring for the poor and suffering, and this week the left is portraying a GOP health-care bill as an attack on society’s vulnerable. So check out the data on how ObamaCare is a tax on some low-income families.
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Spoiler alert: The payers aren’t Warren Buffett or any of the other wealthy folks Democrats say they want to tax. More than one in three of taxed households earned less than $25,000, which is roughly the federal poverty line for a family of four.
More than 75% of penalized households made less than $50,000 and nine in 10 earned less than $75,000.
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These Americans are paying a fine to avoid purchasing a product they don’t want or can’t afford but government compels them to buy.
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The unfortunate irony is that ObamaCare destroyed the private market that offered options that in some cases made sense for these people.
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