So Much For Tax Cuts

Regarding Obama's Health Care plan:

So now the president is placing a fine if you don't provide insurance for your employees, or if you don't buy his government plan. Something he told us time and time again on the campaign would not happen.

"the fine is zero." said the president in the third presidential debate this past fall.

So there is another campaign promise, up in flames. But the media doesn't care.

"Think of it this way: If the government took money directly from you, then turned around and gave it to an insurance company, everyone would agree that you've been taxed. How is that any different from the government mandating that you pay the insurer directly? At the end of the day, you still have less money to spend the way you want.

The No. 1 reason why today's uninsured say that they haven't bought insurance is that they can't afford it. Now the president is going to force them to either buy it -- or pay a penalty (another non-tax, according to the president).

That penalty would be 2.5 percent of a person's income under the main House bill, and up to $1,900 for a family under the bill emerging from the Senate Finance Committee.

Sure, some of those people may have some of their costs offset by subsidies -- but many will be considerably worse off. Will they be happy just because the president says it's not a tax? "

""The New York Post