Humboldt Republican Women: Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under Obama's health overhaul, Most would be in the middle class.

Thursday, September 20, 2012

Nearly 6 million Americans — significantly more than first estimated— will face a tax penalty under Obama's health overhaul, Most would be in the middle class.

◼ SURPRISE: OBAMACARE TAX TO HIT 6 MILLION, MOSTLY MIDDLE CLASS... The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. - AP
◼ $1.8 trillion shock: Regs cost 20 times more than estimate - Paul Bedard/Washington Examiner

Current federal regulations plus those coming under Obamacare will cost American taxpayers and businesses $1.8 trillion annually, more than twenty times the $88 billion the administration estimates, according to a new roundup provided to Secrets from the libertarian Competitive Enterprise Institute.

And it could grow, warned the author of the report, Clyde Wayne Crews, a CEI vice president.

Complying with Health and Human Services Department requirements alone, he revealed, costs $184 billion a year, yet regulators are still drafting the rules for the 2,400-page Obamacare law that kicks into gear in 2014.