Obamacare will raise taxes on health care industies more than predicted

For those who keep saying that Obamacare’s going to lower the cost of health care:

The new Republican support for Obama’s top domestic priority came as a potential setback emerged for Senate health legislation: Congressional tax experts reported that the bill would impose $29 billion more in taxes on health care industries than originally thought — levies that could be passed on to consumers in the form of higher premiums.

That could be troublesome news for an overhaul bill facing a crucial vote in the Senate Finance Committee this week, and with Republican senators already complaining that the legislation contains too many taxes.

Taxing industry more does not lower costs for end users. And that’s not a bug in Obamacare, that’s a feature.

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