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Bonner Says New CBO Report Shows Obamacare Will Result in More Tax Increases than First Thought

By Brandon Moseley
Alabama Political Reporter

Congressman Jo Bonner (R) from Mobile said that a nonpartisan Congressional Budget Office (CBO) report analyzing the impact of penalties to be levied on uninsured Americans under President Obama’s Affordable Care Act is greater than first forecast.

Representative Bonner said, “By 2016, the CBO projects that collections from the new tax will amount to $7 billion, rising to $8 billion a year afterwards.  According to the AP story, this would affect individuals earning $55,850 or less and families of four earning $115,250 or less.  The implications of a middle income tax increase were not lost on the reporter who further observed that Mr. Obama previously vowed not to hike taxes on those earning less than $200,000, or married couples with incomes less than $250,000.”

Rep. Bonner said, “   Tax-related paperwork will also increase under the health care law.  The group Americans for Tax Reform estimates the Obamacare tax mandate will require 140 million families to complete and submit compliance forms to the IRS stating if they have “qualifying” health insurance coverage.  As ATR correctly points out, the Obamacare mandate tax is but one of nearly 20 new or higher taxes buried in the health care law.”

Rep. Bonner said, “I share the view of many that the Affordable Care Act is the wrong prescription for making health care more affordable.  It not only overreaches by limiting patient access to their choice of doctors, but – as we have learned – it will add to Americans’ tax burden.  Since January 2011, the House has twice voted to repeal Obamacare and voted on 30 separate bills to repeal, defund and dismantle the health care law.  Without cooperation from the Senate, unfortunately, our efforts have yet to take hold.“

Rep Bonner said that tort reform would help control health care costs if implemented.  Rep. Bonner said, “One of the major contributors to rising health care costs is frivolous lawsuits.  On March 22, 2012, the House passed the Preserving Access to Healthcare (PATH) Act.  This legislation would reform medical liability laws to stem junk lawsuits that drive up health care expenses.  According to the Harvard School of Public Health, 40 percent of malpractice lawsuits are “without merit”.  The threat of such frivolous suits often forces doctors to engage in costly defensive medicine.  Once again, the Senate has failed to act.”

The Mobile conservative said that he would continue to try to repeal Obamacare and replace it with, “Separate reform legislation to improve access to care and reduce cost – all without the heavy hand of government intervening in personal care choices.”

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The Congress passed the massively unpopular Obamacare proposal largely unread in 2010 when Democrats held commanding majorities in both the House and the Senate.  Since then the American people have sent many more Republicans to both Houses of Congress in an attempt to overturn the controversial Patient Protection and Affordable Care Act.  Democrats hold both the Senate and the Presidency and have thus far blocked Republican efforts to reform, replace, or repeal Obamacare.  It appears that without a Mitt Romney (R) victory over President Obama (D) and Republican victories in a number of Senate races in November that millions of Americans will be hit with crippling tax increases as the Obamacare penalties start to kick in for Americans who won’t or can’t buy health insurance.

Congressman Josiah “Jo” Bonner is a Republican Congressman representing Alabama’s First Congressional District.

 

Written By

Brandon Moseley is a senior reporter with over nine years at Alabama Political Reporter. During that time he has written 8,697 articles for APR. You can email him at [email protected] or follow him on Facebook. Brandon is a native of Moody, Alabama, a graduate of Auburn University, and a seventh generation Alabamian.

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