CBO: Health-Law Tax to Hit 50% More Than Estimated

“The nonpartisan Congressional Budget Office now says six million people will have to pay the individual mandate tax at a higher estimated cost of $6.9 billion to $8 billion, once ObamaCare rolls out in its entirety in 2016.  That’s two million more people getting hit with the new tax, or a 50% jump, versus what the CBO initially estimated in 2010.  The CBO now says the government’s take from the new tax will be $4 billion to $5 billion more per year than initially expected. The CBO’s analysis shows 80% of the six million expected to be hit with the new tax sit right in the middle class.”

http://www.foxbusiness.com/government/2012/09/20/cbo-health-law-tax-to-hit-6m-50-more-than-estimated/

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