Yes, ObamacareTax IS the Biggest Tax in American History

July 5, 2012 | Filed under 2012 Presidential Race,Barack Obama,Big government,Congress,corruption,Democrats,Economics,Health Care,Liberals | Posted by

Lefties everywhere have hastened to try and absolve the ObamacareTax claiming that it really isn’t the largest tax in American history despite that conservatives say it is. What is their proof? Well, as a percentage of GDP ObamacareTax is smaller than other taxes we’ve instituted in the past. This, statistic, though, is quite misleading.

LoudTalkerBlog has crunched the numbers, but the chief take away is in this chart, and, yes, it is the largest in total cost ever:

Talker goes on to detail why the ObamacareTax is the biggest ever.

But, if you look at the raw dollars of the deal, again using Drum’s numbers, the cost of Obamacare is $71.18 billion dollars. (0.49% x 2010 GDP of $14.526B). That would make it the largest tax increase ever. The second highest dollar amount in the list? Clinton’s 1993 tax increase of $33.34 billion, which is less than half of the Obama tax increase. Third would be GHW Bush and fourth Reagan.

Worse, those lefties that are claiming it isn’t the biggest tax ever are leaving out all sorts of aspects to ObamacareTax in order to make its impact smaller.

In other words, they lie.

No surprise.

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Posted by on July 5, 2012.
Filed under 2012 Presidential Race, Barack Obama, Big government, Congress, corruption, Democrats, Economics, Health Care, Liberals.
Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com and BigJournalism.com, RightWingNews.com, CanadaFreePress.com, RightPundits.com, StoptheACLU.com, Human Events Magazine, among many, many others. Additionally, he has been a frequent guest on talk-radio programs to discuss his opinion editorials and current events.He has also written for several history magazines and appears in the new book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions, EMAIL Warner Todd Huston: igcolonel .at. hotmail.com"The only end of writing is to enable the reader better to enjoy life, or better to endure it." --Samuel Johnson

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  • 914

    A truly despicable legacy to leave to us and future generations.

    • jim_m

      I remember back under the Reagan Admin where the left was in a constant state because they thought that Secretary of the Interior, James Watt’s policies would leave no natural heritage for our grand children. Funny how they have no problem leaving no financial heritage for our grand children (except maybe for slavery).

    • Guest

      Romney said the mandate penalty is not a tax.

      Of course, that was 48 hours ago, so he’s probably changed his mind by now. I’m sure one of his owners have told him what to say instead.

      You can always count on Mitty to tell the truth, and then tell you something the exact opposite later and swear they are both “the truths”….

      • 914

        Derp! Derp!

      • 914

        Derp! Derp!

        • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

          Damnit, that’s twice!

      • retired.military

        Doesnt matter what Romney says. Same way it doesnt matter what your buttboy Obama says. It does matter what SCOTUS says. They say it is a tax, Mr Chickenshit. You can run but you cant hide from the truth.

        And speaking of telling both sides.

        Obama’s lawyers in front of SCOTUS – “Its a tax”
        Obama and his administrationg “Not a tax”

        Who is talking on both sides of the issue there Mr Chickenshit? Oh yeah. Its you.

      • donwalk

        Actual quote from Romney:
        “The majority of the court said it’s a tax, therefore it’s a tax,” Romney said in a CBS News interview. “They have spoken. There’s no way around that. … The American people (now) know that President Obama has broken the pledge he made. He said he wouldn’t raise taxes on middle-income Americans.”

  • Guest

    Oh Yeah, I’d believe LoudTalkerBlog over legitimate news organizations.

    Everyone knows bloggers always know what they’re talking about… lol.

    • 914

      Mathematical facts do not lie. Obama does. Do the research before showing your ignorance.

      https://www.facebook.com/photo.php?fbid=10151930490575019&set=a.10150167237660019.423328.106854275018&type=1&ref=nf

      Ha ha

    • GarandFan

      “legitimate news organizations”

      Hahahahaha!!!!!!!!! What a comedian! And I’m sure that by “legitimate” you mean any news organization that kisses Barry’s ass on a regular basis.

    • Sky__Captain

      I note you do not actually address the subject – that 0bamaTax is the largest tax increase ever.
      Yes, I put more crediblity to LoudTalkerBlog than to yourself. It’s rather obvious why.
      Why don’t you just change your username to “Goofy” and be done with it?

      • Guest

        Because it isn’t.

        Here, don’t believe me? Then believe Fox News. You do believe Fox News right? Most simpletons do…

        …the tax increases would pale in comparison to those imposed to help finance World War II.

        Before the 1940s, the individual income tax applied to
        only a small percentage of the population. By the end of war, the income
        tax was levied on most working people, with a top tax rate of 94
        percent on income above $200,000.

        By comparison, the current top rate is 35 percent, on
        taxable income above $388,350. If Congress does nothing, the top rate
        would return to 39.6 percent next year — the same rate that was in
        place for most of the 1990s.

        In dollars, next year’s tax hikes would be the biggest.
        But the population is more than twice as big as it was in the 1940s and
        the size of the U.S. economy is 80 times bigger.         That’s why economists
        usually measure taxes and government spending as a share of the economy.

        And therein lies the lie from asshatblogger.com (or whatever this joker is calling himself this week.)

        Fox News says so.

        The 1942 tax increase represented more than 5 percent
        of the U.S. economy, as measured by the gross domestic product, or GDP.
        The 1941 tax increase was 2.2 percent of GDP, according to a Treasury
        Department paper published in 2006.

        Next year’s looming tax increase would represent 2.6 percent of GDP — a huge tax hike but not the biggest.

        Need more? Of course you do, I can hear the foam bubbling up and over your lower lip already.

        So here’s more from Fox News.

        Measured another way, the 1942 tax hike increased
        federal revenue by a whopping 71 percent, according to the Treasury
        Department paper. The 1941 tax hike increased federal revenue by 32
        percent.

        By comparison, next year’s potential tax hike would increase federal revenues by 16 percent, according to CBO.

        Read more: http://www.foxnews.com/us/2012/06/11/fact-check-looming-tax-hike-not-biggest-ever/#ixzz1zmPODFiQ

        Why don’t you change your name to “Wrong again” and be done with it? lol…

        cause Fox News says so…

        • 914

          More rubbish from the blowhole..

        • Vagabond661

          So let’s use them numbers…16% for 2013. What’s the impact of Obamacare on 2014? Still 16% or greater?

          • Vagabond661

            And by the 16% sucks unless it’s a pay raise.

        • Sky__Captain

          Goofy, I thought you didn’t like Fox News?
          Liar.

          Oh, and before I forget – Derp!

          • Guest

            I just use Fox News to show asshats what morons they are.

            Because that very same information from CBS or ABC would be Derped by the trolls.

            I dare you to tell everyone that Fox News is lying…

          • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

            DERP! DERP! DERP!

        • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

          DERP! DERP!

      • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

        Or he could just change it to DERP!

    • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

      DERP!

    • retired.military

      I seem to recall that bloggers proved CBS wrong in the Bush NG papers. The National Enquirer broke Lewinsky and Edwards scandal.

  • Paul Hooson

    I thought that you avoid paying any fee at all by simply getting health insurance which is required by the mandate of this legislation which kicks in during 2014. Why not get health insurance to avoid this fee then?

    • retired.military

      Your health insurance has to fit the terms that the govt laid out. If it doesnt you have to pay the fee.

      Only thing is health insurance companies cant afford all the restrictions and with a shrinking pool (IE employers not offering health insurance as the tax on them is cheaper) the number of insurance companies shrink.
      WHat happens then? Why the govt steps in and says “Hey use the govt health plan, Its affordable” Then when all the insurance companies are out of business we have the model that Obama and company want. A single payer health plan run by the govt, mandated by the govt, and rationed by the govt. Of course all the lib elites will be able to afford private care by paying cash so they dont care. If you want to know what happens next see Greece, UK, and the rest of the crumbling socialist system.

      • Vagabond661

        this is true. the end game is to take over health insurance.

  • Stan Brewer

    Oh Yeah, I’d believe LoudTalkerBlog over legitimate news organizations.

    Looks like Grumpy has been in his stash again. Since when does the alphabet networks spout anything but the DemocRAT talking points verbatim?

    • Guest
      • 914

        DERP! DERP!

        • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

          Damnit, you got there first!

  • Paul Hooson

    Doesn’t a person simply avoid paying any fees after 2014 by simply having health insurance if required to do so? If this is true, then isn’t this a simple way to avoid paying anything?

    • LiberalNitemare

      Your lying Paul.

      You and the rest of the Obama-flunkies are trying to confuse the issue by talking about the mandate, and ignoring the new taxes that are associated with the ACA.

      From http://en.wikipedia.or/wiki/Patient_Protection_and_Affordable_Care_Act

      The Act’s provisions are intended to be funded by a variety of taxes
      and offsets. Major sources of new revenue include a much-broadened Medicare tax
      on incomes over $200,000 and $250,000, for individual and joint filers
      respectively, an annual fee on insurance providers, and a 40% excise tax on “Cadillac” insurance policies. There are also taxes on pharmaceuticals, high-cost diagnostic equipment, and a 10% federal sales tax on indoor tanning services.

      Offsets are from intended cost savings such as changes in the Medicare Advantage program relative to traditional Medicare.[40]

      Summary of tax increases:
      Broaden the Medicare tax base for high-income taxpayers: $210.2 billion
      Charge of an annual fee on health insurance providers: $60 billion
      Impose a 40% excise tax on health insurance policies which cost more than $10,200/$27,500 per year: $32 billion
      Impose an annual fee on manufacturers and importers of branded drugs: $27 billion
      Impose a 2.3% excise tax on manufacturers and importers of certain medical devices: $20 billion
      Raise the 7.5% Adjusted Gross Income floor on medical expenses deduction to 10%: $15.2 billion
      Limit annual contributions to flexible spending arrangements in cafeteria plans to $2,500: $13 billion
      All other revenue sources: $14.9 billion

      Original budget estimates included a provision to require information
      reporting on payments to corporations, which had been projected to
      raise $17 billion, but the provision was repealed.[41]

    • http://pulse.yahoo.com/_IZ5BM5GNLA54OADSWGSXAMA7SY Jay


      Doesn’t a person simply avoid paying any fees after 2014 by simply having health insurance if required to do so?

      From the calculations, only 1.2% of Americans might be paying a fee of any sort. I believe your analysis is correct.

  • LiberalNitemare

    When Obama lies, its called “messaging”.

    • donwalk

      No, evolvement took place. Evolvement in which he lost control of.

  • TomInCali

    How can you get to about 30+ comments without anyone actually reading the blog post that Huston cites as his source? His very own source disputes the spin he’s putting on it! That same blog post makes these statements:

    If you compare the impact of Obamacare to previous large tax hits as a percentage of GDP, Drum is correct, this is not the largest tax increase in history.
    …
    There have been larger increases than Obamacare, and some of them were passed by Republican presidents.

    And somehow Huston turns this into proof that Obamacare is the largest tax in US history?

    The truly unbelievable part is that the Loud Talker blog is posting about transparency in data analysis. And to drive home its point, it posts a truncated table of numbers with the snarky comment, “I could post the following chart and hope it goes viral on Facebook.” The point being that this table tells an incomplete story, and is deceptive, but that they could probably get away with pushing it as the truth and getting people to fall for it. Oh, and which table do they say this about? Why, it’s the exact table that Huston chooses to post as his source for concluding that Obamacare is the largest tax ever! The table that looks only at raw dollars, and ignores that the population and economy might have actually changed a bit since, oh, say, Truman was in office.

    Kudos to the Loud Talker blog for doing themselves what they implore at the end: “Please don’t believe everything you read. Do the research before committing to something.” Apparently Huston didn’t read that far.

    If he did, he might have noticed the Loud Talker’s other conclusions:
    • As an increase as a % of GDP, Obamacare is #10 (after items such as the Reagan Tax Increase of 1982 and Bush Tax increase of 1990)
    • As cost per citizen, Obamacare is #5 (below Reagan)
    • As cost per employed citizen, Obamacare is #5 (below Reagan)

    I’m not sure what would be worse: If Huston was just stupid enough to not understand the Loud Talker’s point, or if he knew full well what he was doing but decided to lie about it anyway. In any case, this is just yet another post of falsehoods.

    • LiberalNitemare

      So the basis of your argument is that its just a really really big tax increase?

      • TomInCali

        If you interpret it as a tax (Romney and Obama say “penalty”), then yes. Evaluated as a tax, it is certainly among the top 10. So any claim that it’s the biggest in American history is a lie.

        • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

          In the eyes of the Law it is a tax, Five out of Nine Supreme Court Justices said so, with all Nine saying it could not stand under the Commerce Clause or the Necessary and Appropriate Clause.

        • LiberalNitemare

          The Supreme court said its a tax – if your saying that we are free to interpret the supreme courts rulings as we please, then I can think of several rulings that we might want to re-interpret.