One of the Largest Tax Increases in American History
Washington, D.C. – Reid Ribble released the following statement on the Supreme Court’s decision to uphold President Obama’s Healthcare Law.
“According to the Supreme Court this law violates the President’s promise not to raise taxes on anyone making less than $250,000. Today confirms promise was not just broken, it was shattered.
“While I have said from the beginning that this law needs to be repealed, Jamie Wall has stated that repealing the healthcare law would be, ‘…like turning back the clock.’ Well, we’re about to fast forward to one of the largest tax increases in American history.
"This decision leaves in place a law riddled with loopholes and tax increases that will result in higher costs and lower quality of care for families, make it harder for small businesses to create jobs, and add mountains of new debt on our children and grandchildren. I always put the people of northeast Wisconsin first and I will keep working on ways to fix this flawed law so that everyone can have access to quality care at an affordable price.”
The Congressional Budget Office reported that nearly half of the taxes paid under this law will be paid by working families making less than $70,000 a year.