Obamacare Now Largest Tax Increase in U.S. History
June 28, 2012
The United States Supreme Court upheld Obamacare's individual mandate justifying it as a tax rather than an exercise of the Commerce Clause. The court's 5 -- 4 ruling keeps the majority of Obamacare intact as well as introducing the single largest tax in the history of the country. Today's decision allows Obamacare's 20 separate taxes, totaling half a trillion dollars, to take effect next year, plus additional costs of $1.76 trillion. U.S. Representative Cynthia Lummis issued the following statement in response to the court's decision: