Middle-class tax time bomb

Bob Herbert has an op-ed in the NYT that is highly critical of Obamacare. He calls it a middle-class tax time bomb.

The bill that passed the Senate with such fanfare on Christmas Eve would impose a confiscatory 40 percent excise tax on so-called Cadillac health plans, which are popularly viewed as over-the-top plans held only by the very wealthy. In fact, it’s a tax that in a few years will hammer millions of middle-class policyholders, forcing them to scale back their access to medical care.

The tax on health benefits is being sold to the public dishonestly as something that will affect only the rich, and it makes a mockery of President Obama’s repeated pledge that if you like the health coverage you have now, you can keep it.
Those who believe this is a good idea should at least have the courage to be straight about it with the American people.

When people realize what they are facing in so-called health care reform, we will have a revolt in this country.
Ann Althouse has this.