Saturday, October 20, 2012

President Obama’s binder full of tax hikes on women

The most memorable line from Tuesday’s debate was certainly Mitt Romney’s “binder full of women” phrase. It’s been the stuff of Tumblr pages and Facebook shares ever since, and the country has had a welcome non-political laugh over it — for the most part. Angry Democratic partisans have tried to seize on this light moment to make a “serious” point about how Romney is anti-woman. That’s kind of ironic, considering that the Obama-Biden campaign’s tax platform disproportionately burdens women.
The following are the major tax increases on women in President Obama’s checkered first term, his budget, and in his campaign platform.

Healthcare Tax Hikes on Women
According to the U.S. Department of Labor, women make approximately 80 percent of healthcare decisions for families. The Obamacare law contains 20 new or higher taxes. Many of these taxes fall on basic healthcare decisions. Thus, the Obamacare tax hikes on healthcare will disproportionately burden women.
The worst Obamacare health tax, of course, is the tax penalty for not complying with the law’s individual mandate to purchase “qualifying” (as determined by the Department of Health and Human Services) health insurance. This tax will equal 2.5 percent of adjusted gross income for most affected families. The Congressional Budget Office estimates that 6 million tax penalty payers will be middle- or lower-income individuals — individuals who are statistically more likely to come from female-headed households than from male-headed households.

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