Articles: Taxing Thoughts from Justice Sotomayor: "By replacing ObamaCare's current funding mechanism with an actual tax (where revenue goes into the coffers of the U.S. Treasury), Sotomayor would be exposing millions of Americans to the largest tax hike of their lives. Her new tax would be more than what many Americans pay in income and payroll taxes combined. Many Americans wouldn't be able to pay Sotomayor's tax. If it were large enough to fully fund ObamaCare and if it hit "everybody," Sotomayor's tax would make millions of Americans into tax outlaws.
If Sotomayor's tax were not as large as an insurance premium, then ObamaCare would continue to suffer from the same fatal disease: underfunding. ObamaCare, as currently configured, is underfunded because the penalty for not buying health insurance is much too low. The maximum penalty of $2,085 per family is not even close to offsetting the price of a private health insurance policy. If Congress would raise the penalty for noncompliance up to the price of insurance, then Americans could take ObamaCare more seriously, but it would be even more unpopular."
You've just gotta love the insight brought by a "Wise Latina". Fantastic.
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