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Surprise! CBO Claims Workers & Businesses Will Pay $5 Billion More In Obama Taxes


money_rect-460x307Well it appears that Business owners will be paying a bit more than they anticipated in taxes under the Affordable Care Act (ObamaTax). The Congressional Budget Office claims that business owners will owe $4 billion more than they previously expected.

“According to the updated estimates, the amount of deficit reduction from penalty payments and other effects on tax revenues under the ACA will be $5 billion more than previously estimated,” the CBO reported. “That change primarily effects a $4 billion increase in collections from such payments by employers, a $1 billion increase in such payments by individuals, and an increase of less than $500 million in tax revenues stemming from a small reduction in employment-based coverage, which will lead to a larger share of total compensation taking the form of taxable wages and salaries and a smaller share taking the form of nontaxable health benefits.”

The short of this is that the CBO revised the ObamaTax to increase by $4 billion in taxes for businesses, while also moving the figures upward to $1-$1.5 billion in taxes for individual workers. We all are getting the shaft on this one.

So remember when Nancy Pelosi said that we needed to pass the bill to find out what was in it? Well, we still haven’t found out what kind of mess is in this monstrosity. We are still learning what is in it and sadly we may be learning what all is in this thing for years to come. One thing we do know in all of this is that the American people are being taxed to death by the the ironically named “Affordable” Care Act.




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  • Raymond

    Let’s Recap “2009″

    1. The American people inaugurate a half-Arab president with a total of 142 days experience as a U.S. Senator from the most politically corrupt state (city) in America whose governors have been ousted from office. The President’s first official act is to order the close of Gitmo and make sure terrorists civil rights are not violated. (Honest mistake?)
    2. The U.S. Congress rushes to confirm a black Attorney General Eric Holder whose law firm we later find out represents seventeen Gitmo terrorists. (An honest mistake?!)
    3. The CIA Boss appointee, Leon Panetta, has absolutely no experience, has a daughter Linda, we find out, who is a true radical anti-American activist and a supporter of all the Anti-American regimes in the western hemisphere. (There were socio-economic factors involved!)
    4. We got the second most corrupt American woman (Pelosi is #1) as Secretary of State; bought and paid for. (You can put lipstick on a pig, but it’s still a pig).
    5. We got a Tax Cheat for Treasury Secretary who did not properly file his own taxes for 12 years.
    6. A Commerce Secretary nominee who withdrew due to corruption charges. (Another honest mistake???)
    7. A Tax cheat nominee for Chief Performance Officer who withdrew under charges.
    8. A Labor Secretary nominee who withdrew under charges of unethical conduct.
    9. A Secretary HHS nominee (Daschle) who withdrew under charges of cheating on his taxes.
    10. Multiple appointments of former lobbyists after an absolute campaign statement that no lobbyists would be appointed.

  • Raymond

    Barack:
    When ever I get mad at you, you never seem to get upset.
    How do you manage to control your temper?

    Michelle:
    I just go and clean the toilet.

    Barack:
    How does that help?

    Michelle:
    I use your toothbrush.

  • Raymond

    Obama is on the beach at Martha’s Vinyard and finds that an old bottle has washed ashore.
    When the Prez opens it a very wan Genie snakes out.

    Genie: Hi Barack. I’m a very weak genie, so I can only grant you
    one wish–it had better be easy if you want me to do it.

    Obama: I pray for world peace. Give me that.

    Genie: That’s a little hard, give me something easier.

    Barack: Make Michelle into the most beautiful woman in the world?

    Genie: World peace it is.

  • Mad Mike

    Oh, by the way, you forgot to mention that the so-called “independant CBO” is now headed by a female Obama supporter who donated thousands of her own personal money to the Obama campaign and ows her new job to him! The cost “overruns” she reported are grossly underestimated. Reality places them at almost a “Trillion dollars” more! More lies and deception from this criminal Obama regime!

  • the_uglydog

    AND we wonder why the jobs are going oversdeas!

  • bobk90

    The CBO claims to be be Neutral don’t they??? How is anyone going to believe these new numbers?? Revised is a nice way to say they LIED the first time around and are most likely Low-Balling those numbers as it is!!!!
    The Only Vote they is going to count will be the one Fired from your Gun!!!
    Obama has Outsourced the Counting of Votes to a Company in a FOREIGN Country! Who is it owned you ask, none other than George Soros himself!!

  • Randy131

    If Romney isn’t elected as President and/or the Democrats hold on to control of the Senate, people who will remember the worlds best health and medical system, and will regret losing it to Obamacares rationing of a much poorer health and medical system, when they can finally go through the wait to receive that poorer health and medical attention. But just as today, when people forget how Ronald Reagan extricated us from a recession inherited from Jimmy Carter in his first year in office, that was much worse than Obama’s recession, inherited from George Bush, and compare that to how Obama has handled our economy, they won’t be able to compare what we had, to what Obamacare will have given us. For these comparisons are an indictment as to just how bad a President, Obama has been.

  • freedom

    Obama is a socialist. He is also a tribalist. He is not an individualist.
    His supporters see him as great. We see him as a monster.
    95% of blacks support him because they only see the color of his skin.
    They are blind to the Constitution. It is ironic that the blacks want
    a strong federal government that limits individual rights, but it is
    because they are the recipients of lots of government handouts
    and therefore want to keep receiving handouts which Obama
    wants to keep giving them.
    The black people wouldn’t back Cain or Keyes even though
    they are black and much wiser than Obama because those two
    aren’t for handing out freebies like Obama. White people thought
    that Cain and Keyes were moral and wise. They see Obama as a
    snake in the grass. I am white and voted for Keyes in the last election.
    He was better than McCain and 100x better than Obama, but Keyes
    was for the Constitution and against homosex and against abortion.
    The liberals and blacks want homosex and abortion so that is why
    they voted for Obama–of many liberal reasons.
    It is a divided nation. A house divided against itself cannot stand.
    I don’t know if it will be 100 hundred years or sooner or later but
    there will be another war of independence. This time the feds lose.
    Here is what H.W. Crocker III has stated about America under
    Lincoln: The North, however, had adopted a view not of sovereign
    states affilitated within a union, but of a sovereign majority of an
    American people, represented in the federal government.
    The 2nd war of independence was not about slavery, it was
    about preventing domination and subjugation of a people by
    a federal government. What is happening is the result of
    the loss of freedom when the Confederate states tried to limit
    the power of the federal government.
    Once Lincoln won, it was just a matter of time before all are enslaved
    including blacks and whites.

  • hc

    Its all by design

  • ladyceo

    Bring it on CBO! Obama lied!!! ABO in 2012!