Friday, April 2, 2010

Obamacare Hid New Tax on Working Families

Surprise, surprise! Hidden somewhere in the middle of the 2309 pages of the Obamacare bill is a new tax that will be automatically deduct hundreds a month from your paycheck unless you opt out in time (and no one seems to know how to opt out yet).

The hidden "Class Act" (aka. “Community Living Assistance Services and Support Act”) will cost you about $150-$240 a month (up to $2,880 a year), and more if you are older. The collected funds (estimated to total $109 billion by 2019) are supposed to go into a fund to pay for long-term care for the elderly. Critics, however, suggest that this "long-term care insurance" program will not fair any better than Medicare and Social Security, which have plunged our nation into $720 billion of debt and growing fast.

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