The clock is ticking for the return of an Obamacare tax that opponents say will hit older Americans on fixed incomes particularly hard, costing them an extra $500 per couple.
Congress hasn’t taken action to delay or eliminate the tax before Jan. 1, when a moratorium on it expires. In 2015, Congress acted on a bipartisan basis to postpone the tax, which dates to President Barack Obama’s second year in office.
“It’s not just seniors, but clearly seniors are more financially strapped. And $500 per couple might not seem like a lot, but for seniors on fixed incomes, my heavens, it’s a real problem,” Jim Martin, chairman of the 60 Plus Association, a conservative organization for senior citizens, told The Daily Signal.
For the full article click here.
Perhaps a repeal of Obamacare would rid the country of the taxes the legislation created. Of course, there are no guarantees as our Congress is apt to create the same tax under a different name!
In my opinion a flat tax is the only way to eliminate the constant debate over taxes. A flat tax at some reasonable rate established for individuals, families, and corporations with minimal deductions would do several things.
First, everyone would have some "skin in the game" so to speak. Second, everyone could easily determine tax liability and plan accordingly. Third, politicians would be forced to a shorter work regiment since they would have very little to debate!!
I doubt common sense will ever prevail again in America. Instead, we will tax and spend the republic into its grave.
Congress hasn’t taken action to delay or eliminate the tax before Jan. 1, when a moratorium on it expires. In 2015, Congress acted on a bipartisan basis to postpone the tax, which dates to President Barack Obama’s second year in office.
“It’s not just seniors, but clearly seniors are more financially strapped. And $500 per couple might not seem like a lot, but for seniors on fixed incomes, my heavens, it’s a real problem,” Jim Martin, chairman of the 60 Plus Association, a conservative organization for senior citizens, told The Daily Signal.
For the full article click here.
Perhaps a repeal of Obamacare would rid the country of the taxes the legislation created. Of course, there are no guarantees as our Congress is apt to create the same tax under a different name!
In my opinion a flat tax is the only way to eliminate the constant debate over taxes. A flat tax at some reasonable rate established for individuals, families, and corporations with minimal deductions would do several things.
First, everyone would have some "skin in the game" so to speak. Second, everyone could easily determine tax liability and plan accordingly. Third, politicians would be forced to a shorter work regiment since they would have very little to debate!!
I doubt common sense will ever prevail again in America. Instead, we will tax and spend the republic into its grave.
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