Obamacare Subsidies to Cost Billions This Year
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- Created on Thursday, 03 July 2014 08:13
- Written by Justin Credible
The big pitch for Obamacare was that millions of Americans would now be able to afford health insurance provided by the government. The reality is almost the exact opposite: health insurance premiums have skyrocketed under Obamacare and taxpayers are getting stuck with the costs, paying for Obamacare subsidies. Despite projections being less, Obamacare subsidies are on track to cost billions of dollars in the first year alone. And there are still millions of people who don't have health insurance.
House GOP Cuts IRS Budget to Limit Obamacare Enforcement
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- Created on Tuesday, 01 July 2014 08:24
- Written by Justin Credible
When news broke that Democrats used the IRS to target conservative groups, it was a rude awakening for everyone. The agency charged with collecting taxes had been abusing their power by trying to silence their opponents. When this came to light, coupled with the fact that the IRS is tasked with enforcing Obamacare, the word troubling doesn't even begin to describe the situation. The House GOP is cutting the IRS budget by 15% to keep them in line.
Obamacare Subsidies Could Have Big Impact at Tax Time
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- Created on Thursday, 26 June 2014 08:18
- Written by Justin Credible
Obamacare is turning out to be less affordable than it was pitched to be. If you don't have health insurance, you're mandated to pay a fine to the federal government. What's unknown to most people is that not only are the rules surrounding this constantly changing, but it also has a huge impact during tax time. While it's called a subsidy, it's a tax credit in reality, and if you earn more during the year, that tax credit changes, making you having to pay more back to the government.