ANOTHER BROKEN PROMISE: OBAMACARE RAISES TAXES ON 14.7 MILLION PEOPLE EARNING LESS THAN $200,000

UNREAL: ANOTHER BROKEN PROMISE: OBAMACARE RAISES TAXES ON 14.7 MILLION PEOPLE EARNING LESS THAN $200,000:

The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.

Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers are hit by this threshold increase in 2017.

Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.

"Loss of this deduction will mean higher taxes for 14.7 million individuals and families making under $200,000 a year in 2019," Sen. Chuck Grassley (R-Iowa) told The Hill. "The new subsidy for health insurance would not be available to offset this tax increase for most of these households."

OBAMACARE IS BAD LAW, BAD FISCAL POLICY, BAD ECONOMIC POLICY, AND BAD FOR YOUR HEALTH.

WE MUST REPEAL AND REPLACE IT.

WE CAN: JUST VOTE GOP THIS NOVEMBER.