But don’t worry, he’s not going to raise taxes on the middle class….
WASHINGTON (AP) — Nearly 4 million Americans – the vast majority of them middle class – will have to pay the new penalty for not getting health insurance when President Barack Obama’s health care overhaul law kicks in, according to congressional estimates released Thursday.
The penalties will average a little more than $1,000 apiece in 2016, the Congressional Budget Office said in a report.
Most of the people paying the fine will be middle class. Obama pledged in 2008 not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000.
"The individual mandate tax will fall hardest on Americans who can least afford to pay it, many of whom were promised subsidies by the Democrats and who the president has promised would not pay higher taxes," said Rep. Dave Camp of Michigan, the top Republican on the tax-writing House Ways and Means Committee.
(Is this what Obama thinks we should be thanking him for?)