Hidden Taxes in the Obamacare Bill
Both the House Obamacare bill and the Senate Obamacare bill rely on massive tax increases on the American people. Most of the major Obamacare details are known. However, as more and more Obamacare details come to light, the impacts of the Obamacare bill on the American people become clear.
One such impact is the capping of flexible spending accounts or FSAs. FSAs allow American tax payers to set aside money from their paychecks to pay out of pocket costs. Often, employeers match contributions to a certain amount.
The House and Senate Obamacare bills put a cap on these accounts of $2,500. Most plans currently cap employees between $3,000 to $6,000, but there isn’t a national limit on these accounts.
The change is expected to bring in roughly $15 billion over 10 years to help pay for the massive spending contained in the Obamacare bill.
Hardest hit will be taxpayers with special needs children who often have to pay thousands in out of pocket expenses each year. Family’s with special needs children often have over $4,000 a year in out of pocket medical expenses.
Once again, we can see how average people are hurt as the government lusts for more and more power.