-By Warner Todd Huston
Lefties everywhere have hastened to try and absolve the ObamacareTax claiming that it really isn’t the largest tax in American history despite that conservatives say it is. What is their proof? Well, as a percentage of GDP ObamacareTax is smaller than other taxes we’ve instituted in the past. This, statistic, though, is quite misleading.
LoudTalkerBlog has crunched the numbers, but the chief take away is in this chart, and, yes, it is the largest in total cost ever:
Talker goes on to detail why the ObamacareTax is the biggest ever.
But, if you look at the raw dollars of the deal, again using Drum’s numbers, the cost of Obamacare is $71.18 billion dollars. (0.49% x 2010 GDP of $14.526B). That would make it the largest tax increase ever. The second highest dollar amount in the list? Clinton’s 1993 tax increase of $33.34 billion, which is less than half of the Obama tax increase. Third would be GHW Bush and fourth Reagan.
Worse, those lefties that are claiming it isn’t the biggest tax ever are leaving out all sorts of aspects to ObamacareTax in order to make its impact smaller.
In other words, they lie.
No surprise.
____________
“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
–Samuel Johnson
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, RightPundits.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
For a full bio, please CLICK HERE.