Sunday, July 1, 2012

Health Reform Results In A Tax Cut For Millions

Despite the Republicans' calling the Affordable Care Act a "massive tax hike" on the middle class, few will pay a penalty. In addition, Families USA issued a report stating that 28.6 mostly middle-class Americans will receive a tax cut under the bill:

We found that an estimated 28.6 million Americans will be eligible for the tax credits in 2014, and that the total value of the tax credits that year will be $110.1 billion. The new tax credits will provide much-needed assistance to insured individuals and families who struggle harder each year to pay rising premiums, as well as to uninsured individuals and families who need help purchasing coverage that otherwise would be completely out of reach financially. Most of the families who will be eligible for the tax credits will be employed, many for small businesses, and will have incomes between two and four times poverty (between $44,100 and $88,200 for a family of four based on 2010 poverty guidelines).

2 comments:

Michael The Molar Maven said...

Misinformation stated with conviction becomes truth to the uninformed.

Jeff Tone said...

Evidence of your statement can be seen in Fox viewers, who are less informed than those who watch no news at all.

http://www.theliberalcurmudgeon.com/2011/11/study-fox-viewers-less-informed-than.html