My Family’s ObamaCare Nightmare

Pattie Curran

Today we find ourselves deeply in debt and drowning in the paperwork of what has become a full-time fight to restore coverage of essential, lifesaving treatments for our sons. This year alone, we have been billed tens of thousands of dollars in health care costs out-of-pocket. Our credit cards are maxed out and our insurer, bound by rigid government rules, is unable to help us. Obamacare has been far from the salvation that was promised. For us, it has been nothing less than a nightmare of skyrocketing health care costs that threaten to bankrupt our family...

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Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

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