This will be a regular feature, but we can’t trademark it, because Obama owns it
President Obama’s health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.
CBO said that this year’s tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they’ll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.
No. Wait. What?
But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.
Oh good. So only those that pay taxes will be affected, because they will be paying even more, since there are obviously many more people who will be exempt. Obama to tax payers: “Heads I win. Tails you lose.”