CBO raises estimate of those hit by Obama health care tax – Washington Times

September 20, 2012


CBO raises estimate of those hit by Obama health care tax – Washington Times.

 

 

 

Six million Americans will pay the health care tax rather than obtain coverage under President Obama’s health care law, according to a new Congressional Budget Office estimate Wednesday — a 50 percent increase over CBO’s estimate of just two years ago.

CBO also said there will be 30 million people without insurance, though all but the 6 million will be exempt from the tax. The exempt residents are a combination of illegal immigrants and those with incomes too low to pay income taxes.

The agency said the government will collect about $7 billion from the tax in 2016, and $8 billion a year thereafter.

Read more: CBO raises estimate of those hit by Obama health care tax – Washington Times http://www.washingtontimes.com/news/2012/sep/19/cbo-raises-estimate-those-hit-obama-health-care-ta/#.UFo_iKZESVU.twitter#ixzz26xw7jJbq
Follow us: @washtimes on Twitter
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: