FactCheck.org on the ‘ObamneyCare’ tax
Posted by AzBlueMeanie:
The Arizona Republic should just drop all pretense about being an objective news organization and return to its roots and original masthead, The Arizona Republican. It is, and has always been, the media arm of the Republican Party in Arizona.
On Friday, the Republican published a series of opinions decrying the Supreme Court decision on the Affordable Care Act. So much sturm und drang, so much conservative bedwetting. One unsigned opinion in particular caught my attention. So, we'll be penalized with higher taxes:
The decision affirms that on June 25, 2010, President Obama signed a health-care law that levies a substantial, new set of taxes that, according to congressional estimates, perhaps 75 percent of people earning less than $200,000 per year will pay.
Note the imprecise source citation "congressional estimates." I did a Google search for the source of this claim and, surprise, it comes from Stephen Moore of Rupert Murdoch's Wall Street Journal, one of the most unreliable sources in the business. And why is this opinion not properly attributed to Stephen Moore? Here is the original. Political Diary: The ObamaCare Tax – WSJ.com:
According to Congressional figures 70% to 75% of the "tax" falls on those who earn less than $200,000 per year, and that is 8 million non-rich people. So Mr. Obama argued this was a mandate and a fine to enforce the requirement to buy health care.
Well, that changes everything. The Republican would have you believe that 75 percent of all Americans earning less than $200,000 will be paying more in taxes. That is not what Stephen Moore said. He is saying that of those people who opt to pay the penalty (tax) rather than purchase healthcare insurance, 70% to 75% of them will earn less than $200,000 per year. And that is a relatively small number. This is the game of "fun with facts and figures" to lie to you from The Arizona Republican.
Stephen Moore is an unreliable source, so I am sure as hell not going to take his word for it. It turns out that FactCheck.org has run its fact check of the "ObamneyCare" tax. FactCheck.org : How Much Is the Obamacare ‘Tax’?:
How Many Will Pay?
In his opinion, Chief Justice Roberts cited an estimate from the nonpartisan Congressional Budget Office that 4 million would pay, and cited that as a further reason to consider the assessment a tax rather than a penalty. “Congress did not think it was creating four million outlaws,” he suggested.
However, since then, CBO has increased its estimate. In an estimate released in March of this year, CBO projected that the tax would yield $6 billion for the government, up from the $4 billion it estimated two years earlier. That’s a 50 percent higher total, and would seem to imply that CBO now expects about 6 million will be paying. But CBO didn’t give a specific figure for the number of persons it now expects to pay.
– Brooks Jackson