« BACK  |  PRINT

RS

FRONT PAGE CONTRIBUTOR

Please read bills before you defend them, Mr. President.

If this is a problem, don’t go on national television and give exclusive interviews.

STEPHANOPOULOS: You were against the individual mandate…

OBAMA: Yes.

STEPHANOPOULOS: …during the campaign. Under this mandate, the government is forcing people to spend money, fining you if you don’t

How is that not a tax?

[snip of semantic-free commentary by the President]

STEPHANOPOULOS: That may be, but it’s still a tax increase.

OBAMA: No. That’s not true, George. The — for us to say that you’ve got to take a responsibility to get health insurance is absolutely not a tax increase.

Via Jazz Shaw, the relevant passage:

Excise Tax. The consequence for not maintaining insurance would be an excise tax. If a taxpayer’s MAGI is between 100-300 percent of FPL, the excise tax for failing to obtain coverage for an individual in a taxpayer unit (either as a taxpayer or an individual claimed as a dependent) is $750 per year. However, the minimum penalty for the taxpayer unit is $1,500. If a taxpayer’s MAGI is above 300 percent of FPL the penalty for failing to obtain coverage for an individual in a taxpayer unit (either as a taxpayer or as an individual claimed as a dependent) is $950 year. However, the maximum penalty amount a family above 300 percent of FPL would pay is $3,800.

Please note for the record that the transcripts show that they were talking about Baucus’ tax bill. Points to George for pressing the point – and bringing in the dictionary definition, which the President responded to with all the – but points taking away for not demolishing the President on the spot with that one. Ach, well.

Video making this point after the fold.

Moe Lane

Crossposted to Moe Lane.

Get Alerts