This exchange, between President Obama and George Stephanopoulos, should echo throughout the presidential race:
OBAMA: My critics say everything is a tax increase. My critics say that I’m taking over every sector of the economy. You know that. Look, we can have a legitimate debate about whether or not we’re going to have an individual mandate or not, but…
STEPHANOPOULOS: But you reject that it’s a tax increase?
OBAMA: I absolutely reject that notion.
Here’s the video:
Yet today we learned that Obamacare could only be constitutionally salvaged as a tax, an expensive and complex new burden on the middle class that will only escalate with time. Here’s how this tax works (taken from our ACLJ complaint challenging Obamacare): [Read more...]