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Top Five Worst Obamacare Taxes Coming in 2013

Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013.
Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013:
The Obamacare Medical Device Tax – a $20 billion tax increase: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. In addition to killing small business jobs and impacting research and development budgets, this will increase the cost of your health care – making everything from pacemakers to prosthetics more expensive.
The Obamacare “Special Needs Kids Tax” – a $13 billion tax increase: The 30-35 million Americans who use a Flexible Spending Account (FSA) at work to pay for their family’s basic medical needs will face a new government cap of $2,500 (currently the accounts are unlimited under federal law, though employers are allowed to set a cap).
There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are several million families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. This Obamacare tax provision will limit the options available to these families.
The Obamacare Surtax on Investment Income – a $123 billion tax increase: This is a new, 3.8 percentage point surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income:

Capital Gains
Dividends
Other*
2012
15%
15%
35%
2013+ (current law)
23.8%
43.4%
43.4%
The table above also incorporates the scheduled hike in the capital gains rate from 15 to 20 percent, and the scheduled hike in dividends rate from 15 to 39.6 percent.
The Obamacare “Haircut” for Medical Itemized Deductions – a $15.2 billion tax increase: Currently, those Americans facing high medical expenses are allowed a deduction to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). This tax increase imposes a threshold of 10 percent of AGI. By limiting this deduction, Obamacare widens the net of taxable income for the sickest Americans. This tax provision will most harm near retirees and those with modest incomes but high medical bills.
The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase: The Medicare payroll tax is currently 2.9 percent on all wages and self-employment profits. Under this tax hike, wages and profits exceeding $200,000 ($250,000 in the case of married couples) will face a 3.8 percent rate instead. This is a direct marginal income tax hike on small business owners, who are liable for self-employment tax in most cases. The table below compares current law vs. the Obamacare Medicare Payroll Tax Hike:

First $200,000
($250,000 Married)
Employer/Employee
All Remaining Wages
Employer/Employee
Current Law
1.45%/1.45%
2.9% self-employed
1.45%/1.45%
2.9% self-employed
Obamacare Tax Hike
1.45%/1.45%
2.9% self-employed
1.45%/2.35%
3.8% self-employed





Read more: http://atr.org/five-worst-obamacare-taxes-coming-a7217#ixzz283gNFn4r
 
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  • Under Obama administration partnership with Mexico, number of non-citizens in US using food stamps and similar programs has more than doubled.
 
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Obama Shields Genocidal Muslim From Republican Legislation

October 2, 2012 By Doug Book Comments (0)



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Barack Obama has decided to oppose Republican legislation that would deny American aid to any nation that hosts a visit from legendary Muslim murderer and Sudan president Omar al Bashir.
Introduced by Congressman Frank Wolf of Virginia, this Amendment to the 2013 Foreign Operations Appropriations bill passed the House in May. Its purpose is to “…send a clear message to the international community that Bashir, the world’s most notorious perpetrator of genocide deserves to be treated as a pariah.” That “clear message” would prevent offending nations from collecting billions in non-humanitarian foreign aid from the United States.
In 2008, the International Criminal Court (ICC) indicted Bashir on 10 counts of murder, genocide, and crimes against humanity for the killing of some 35,000 inhabitants of Western Darfur. This is a rather small percentage of the 2.5 million the Muslim president of Sudan is “credited” with dispatching during his 20 years of rule. Al Bashir is subject to arrest and trial in any nation courageous enough to press ICC charges.
But while Barack Obama, the self-styled champion of democracy and liberty, has trumpeted the necessity of removing from power Muoamar Ghadafi and Hosni Mubarek (utter lightweights when compared with the murderous al Bashir), he has “…repeatedly soft-pedaled, negotiated with and even effectively lent support to al Bashir and his totalitarian regime.”
Why?
“It seems to my colleagues and I that the administration is motivated by a reluctance to have any clash with the Russians, Chinese, or the Arab League, and those are Bashir’s supporters,” says Rafael Madoff, Director of the Wyman Institute for Holocaust Studies.
“The administration has had a policy of trying to be able to work with the Muslim Brotherhood,” said Special Humanitarian Coordinator for the Sudan, Andrew Natsios. “Bashir is the manifestation of the Muslim Brotherhood in Sudan.”
Of course in Egypt, Obama stressed the necessity of removing 30-year American ally Hosni Mubarek from power, turning over the president’s job to Muhammed Morsi, the embodiment of the Muslim Brotherhood.
But this same Barack Obama, “…a generally outspoken devotee of international legality, has in effect not supported the International Criminal Court’s indictment, arrest warrant, or attempt to try Al Bashir for mass murder. Obama, the orator, has not resoundingly declared that Al Bashir has no legitimacy to rule, or publicly warned, let alone threatened, Al Bashir of any serious consequences for further renewing his mass elimination and murdering.”
Obama has employed the national—indeed the international– media to sell his nonsensical vision of Arab Spring. The world is led to believe that freedom and the pursuit of democracy have come to Muslims throughout Middle East, courtesy of a courageous American president. But of course the world–or at least its thinking inhabitants–understands Barack has done little more than place millions of lives in the hands of Islamist forces intent upon imposing an absolute rule far more deadly than anything Hosni Mubarek or even Muoamar Ghadafi could have dreamed up.
But the world needn’t worry. For Barack Obama has expressed “deep concern” over the possibility that al Bashir’s continued assault on the Sudanese might “…undermine normalization of Sudan’s relations with the U.S.”
Clearly, that means millions are now safe in the caring hands of the American president.
 
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Surprise! Obama Ignores A Law In Order To Aid His Reelection

October 2, 2012 By Breaking News Comments (1)



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In case you missed it over the weekend, the Obama administration’s Friday afternoon document drop was a memo from the Department of Labor telling defense contractors not to provide legally-required notice to thousands of employees that they are about to be laid off, if automatic spending cuts agreed to by the President and the Congress take effect.​
Translation: President Obama wants to prevent thousands of employees, especially in swing-state Virginia, from being told that they are going to be laid off due to Department of Defense funding cuts. Because of the timing of the cuts, those notices would have been sent to employees just prior to the election in November. The man who signed those funding cuts into law would like to avoid that.​
When the administration first proposed this idea back in June, defense contractors patiently explained to the reelection-obsessed President that there is a law, the Worker Adjustment and Retraining Notification (“WARN”) Act of 1988, that requires federal contractors to tell employees 60 days in advance of expected layoffs. There are quite a few layoffs expected for the end of the year as a result of a genius agreement between President Obama and Congress to cut astonishing amounts of funding for the Department of Defense. Companies that fail to meet their obligations under the WARN Act can be sued by their former employees. Defense contractors indicated that they would not be ignoring their legal duty under the WARN Act.​
 
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  • US diplomats in Libya repeatedly asked Obama administration for beefed-up security in Benghazi in run-up to Sept. 11 attack on consulate that left Ambassador Chris Stevens and three other Americans dead — and were 'denied these resources,' two congressional lawmakers say.
 

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BARACK OBAMA JUMPS FOREIGN AID 80% AFTER PRESIDENT BUSH REDUCED IT BY NEARLY HALF...OBAMA SPENDS MORE ON FOREIGN AID THAN BORDER CONTROL - after President George W. Bush reduced foreign aid from over $20B to less than $11.5B Barack H. Obama has jumped it up over 80% in just three years, giving away more in foreign aid than he spends on border control. In fiscal 2008, the US spent a total of $11.427B in international aid, according to the Monthly Treasury Statement. In fiscal 2011, Obama jumped it to $20.599B an increase of 80% in just 3 years.
 

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