Friday, July 06, 2012

OBAMACARE IS A MAJOR TAX CUT FOR MIDDLE CLASS FAMILIES


Angela Guo/guest blogger for Think Progress
Following the Supreme Court’s Affordable Care Act ruling, Republicans — including Mitt Romney — have vigorously insisted that the Affordable Care Act is a tax on the American people. But instead of being a tax increase, Obamacare will provide millions of families with large tax credits to make health care more affordable. Only about 1 percent of Americans who could afford health care but don’t buy coverage would have to pay the tax, and the penalty would only be an average of $600. The Center for American Progress shows how Obamacare is actually a major tax cut for many families:
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