Correct and you are being incredibly dishonest to say their tax burden is going up. That's not whats happening. They are now forced to pay the full price of their health insurance instead of taking it off their taxes.
If I took away the tax credit for mortgages for people over certain incomes would I be increasing their tax burden or making them pay the full price of their mortgage? We can play this game all day, but I'm sure a lot of democrats would love to hear right wingers start calling "tax credits" wrong and advocating people pay the full price of whatever they spend money on.
depends. In our scenario, the federal government bails out health insurance companies to make up for their losses. right wingers do think subsidies are wrong. They say so all the time.
Unless someone can refund me the extra taxes I paid last year, and am paying this year, leave it alone. I'm already paying for it....make the damn thing work. Don't just tear it down.
Either the decision will be reversed, or the law changed to include credits for premiums bought on the federal exchange.
Meh, I remember a lot of commotion when the temporary "Bush Tax Cuts" were about to expire in 2010. The talking point then was that Obama wants to raise taxes.
Political suicide to not allow tax credits that have already been promised. Taxpayers already made decisions on their healthcare based on the promise of those credits. They'll give the credits.
those were mostly reductions in tax rates. Not subsidies iirc. Nope. Conservatives especially hate those (we are speaking in generalities now. I'm sure some RINOs have supported them).
So you mean a very small minority of right wingers hate all subsidies. Got it. This new thing that the far right wing is doing where they pretend they are the only ones that are conservative is amusing.
Ever hear conservatives advocate free markets or speak out against crony capitalism? not some rare thing This new thing were liberals define conservatism is amusing.
I'm not a liberal. I think compared to most on this board (obviously not you) I would be considered very conservative. But sure, I hear conservatives talk about free markets all the time. I also know they love their mortgage deductions, child care credits, credits for their horse groomer, business deductions, etc. There may be a group of conservatives that is totally against all tax credits, but it is a very small minority.
A tiny, minuscule minority based on my observation. They pay a lot of lip service to ending subsidies and "handouts," but when it comes to farm subsidies, corporate tax credits, income tax loopholes, and the incredible disparity between income and capital gains rates, they don't back it up with any action except more of the same.
If this stands.... (badly written law but we all know that wasn't the intent and so the Supreme court might still overturn?) Does this mean that anyone that already relied on the tax credit to pay for their healthcare today (2014) is going to have to pay all that "loan" credit back in their 2014 tax return? Or is this for later years? If 2014,, this is going to fk up a lot of folks financially in those Red states with no exchange.
<blockquote class="twitter-tweet" lang="en-gb"><p>In a two-hour span, we have two major Affordable Care Act rulings that entirely conflict with one another.</p>— Brent Kendall (@brkend) <a href="https://twitter.com/brkend/statuses/491619347337449472">July 22, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
It will probably be overturned on rehearing, and a stay will be granted until then. Not to mention there are parallel cases out there that may be decided differently. Edit: here you go, a 4th circuit ruling going the other way: http://pdfserver.amlaw.com/nlj/king_usca4_20140722.pdf It was a grand 2 hours in which the yoke of Obamacare was lifted.
Umm - how do you know this? Without even reading the opinions, I can tell you that it got upheld at the district court level 2x, upheld by the 4th circuit 3-0 - the one outlier is the 2-1 DC circuit decision, which, without, I assume, even having read it, you tell us "is probably right" even though it is a distinct outlier? Why is the outlier probably right?
