Memo to President Barack Obama: It’s a tax. Make no mistake about it. His comprehensive health care reform scheme will add a financial burden on 100% of the American people. Ditto with the President’s ‘Cap and Trade’ scheme.
As a percentage of income, both will impact the poor way more than the rich. His pitch that 95 percent of Americans, the middle class and the ‘working people,’ will not get a tax increase is pure spin.
Are you old enough to remember The Who’s 1971 song ‘Won’t Get Fooled Again?‘ ‘Meet the new boss, same as the old boss,’ as attempts are made to repeat history.
From Wikipedia:
“Won’t Get Fooled Again” is a song by the rock band The Who. Written by Pete Townshend, it combines guitar power chords with heavily processed organ and synthesizer sounds to create a textured, atmospheric introduction that explodes into the verse. It tells of a “revolution of revolutions” in an endless cycle, where “the change it had to come, we knew it all along” but each successive new regime turns out to be just like the old one, so that straight away it’s time once again to “pick up my guitar and play, just like yesterday, then I’ll get on my knees and pray we don’t get fooled again“.
AP link: FACT CHECK: Coverage requirement enforced with tax