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Dustin Hawkins

The Taxes are Coming, the Taxes are Coming!

By December 11, 2012

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There's seems to be a bit of "surprise" that a load of taxes are about to hit that were originally passed in Obamacare way back in 2009. The tax increases were conveniently delayed until after the 2012 election. Gee, I wonder why? The AP reported on one "surprise" (and costly) fee set to take effect in 2013:

Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.

The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers.

The last sentence is key, and was the topic of my recent article: How Taxes on "the Rich" ultimately Hurt the Poor. The government taxes the businesses, the businesses pass that on to the employees or consumers. This has always been the conservative argument against higher taxes, knowing that taxes are rightly treated like any other increased cost and simply passed on to others. Unfortunately, that argument was rejected by voters in 2012, mostly by those in the income brackets that will now be the ones ultimately paying for the higher taxes they thought they were demanding others pay.

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