Yesterday, President Obama visited Golden, Colorado to make his pitch to Jeffco residents. Beyond the faux pas of saying that he was the first president to visit the county since President Ulysses S. Grant (that’s false, it was President George W. Bush), he also seems to have been confused about his role in foisting the largest tax hike in the history of the United States on the middle class. From his speech: “I’ve cut taxes for those who need it – middle class families, small business owners. That’s who needs it.”
Did he just say that he cut taxes for the middle class? And, more shockingly, for small business owners? According to Forbes, “the coverage mandate is essentially a 40 percent tax on that family, which is now required by law to ensure that every family member has qualifying coverage.” In a post earlier this summer, we reviewed all of the various tax hikes this bloated piece of legislation would burden families with. As a refresher, we’ve included the chart featuring the tax hikes stemming from Obamacare.