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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (645687)	2/17/2012 8:38:18 AM
From: Brumar89	4 Recommendations Read Replies (1) \| Respond to of 1573983

Obama: Insurance fines ARE a tax, are NOT a tax ... talking out of both sides of their mouth ... After what amounted to Obama comparing rising health care costs to taxes, Stephanopoulos followed up: “Under this mandate the government is forcing people to spend money and fining you if you don’t. How is that not a tax?” A little more dilly dally and Obama finally made his case: “For us to say that you’ve got to take a responsibility to get health insurance is absolutely not a tax increase. .... Today however, the Obama administration is facing lawsuits from 21 states over the mandate. So how do they defend it? Under the taxing powers of Congress of course. As Robert Pear in The New York Times explains: “When Congress required most Americans to obtain health insurance or pay a penalty, Democrats denied that they were creating a new tax. But in court, the Obama administration and its allies now defend the requirement as an exercise of the government’s “power to lay and collect taxes.”” ...... swifteconomics.com