OBAMATAX: 75% of Obamacare Costs Will Fall on the Backs of those Americans making less than $120,000 a Year … So Much for Obama’s no Tax on Families Making Less than $250K (VIDEO)

Barack Obama, read my lips no new taxes on families making under $250,000 …

Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends Friday that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year. Democrats want to call it a penalty on freeloaders. But what if some one chose not to buy insurance and paid for their medical bills out of pocket? However, it was the US Supreme Court who ruled that Obamacare was Constitutional as a tax.

What happened to Barack Obama’s promise that he would not raise taxes on families making over $250,000? That would seem to have been an Obama broken promise and a lie to “We the People”. White House Chief of staff Lew tried his best to lie his way through the difficult task of saying that Obamacare was not a tax. However, it is pretty difficult when Obama’s own solicitor general argued before the Supreme Court it was one, and it was ruled Constitutional only because of Congress’s ability to tax.

From the non-partisan CBO, Congressional Budget Office, that Obama loved to quote when discussing the benefits and costs of Obamacare, comes the following analysis that no one in the Obama administration wants to address.Not to mention, who oversees Obamacare to see whether individuals have bought healthcare, the IRS of course. If it looks, walks and talks like a tax, its a tax.

Obama promises to not raise any taxes on families making under $250,000

Good luck defending this tax increase in the 2012 elections when people are out of work, losing their homes and are struggling. This tax increase will affect families and businesses. How could a tax increase create job growth? So why can’t Democrats call Obamacare for what it actually is, a tax? When have Democrats ever been ashamed of raising taxes?