page 2 of this document, provided by another forumite, earlierē Require U.S. citizens and legal residents to
have qualifying health coverage. Those without
coverage pay a tax penalty of the greater of
$695 per year up to a maximum of three times
that amount ($2,085) per family or 2.5% of
household income. The penalty will be phasedin
according to the following schedule: $95
in 2014, $325 in 2015, and $695 in 2016 for
the flat fee or 1.0% of taxable income in 2014,
2.0% of taxable income in 2015, and 2.5%
of taxable income in 2016. Beginning after
2016, the penalty will be increased annually
by the cost-of-living adjustment. Exemptions
will be granted for financial hardship,
religious objections, American Indians, those
without coverage for less than three months,
undocumented immigrants, incarcerated
individuals, those for whom the lowest cost
plan option exceeds 8% of an individualís
income, and those with incomes below the
tax filing threshold (in 2009 the threshold for
taxpayers under age 65 was $9,350 for singles
and $18,700 for couples).
Btw, it's a great grassroots source and vehicle...thought you just might like to know that, as if it would do you any good. LOL>
Let me give an example of a political attack ad if the GOP tries to repeal this...
A senior citizen is standing at the pharmacy counter, and, as she starts to write a check to pay for her medicine, the price on the register goes way up... as the big bad GOP tries to re-open the medicare donut hole... "The GOP doesn't want grandma to get better..."
Ad #2 -- a child lies in a hospital bed, bald from chemo... The hospital staff is telling his parents they've just been dropped from coverage because of pre-existing conditions... "The GOP just killed that child... (figuratively) when the re-allowed insurance companies to deny coverage to children..."
I know there are some on this board and thread who learn their history and poli sci from Glenn Beck... but repealing a bill is a complicated manner, both procedurally and politically... There is language in the bill that makes certain things mandatory for a period of 10 years... it would have to be such a failure... We're talking prohibition-type failure...