Obamacare Joins Pile of Unfunded Liabilities

The congressional vote last month to fund the government through September, while extending some special-interest tax breaks and introducing some new ones, was the first time a majority of Republicans voted in favor of Obamacare. It looks like Congress’ alternative to Obamacare is deficit-financed Obamacare.

While failing to cut one penny of Obamacare spending, the so-called “taxibus” (tax extenders plus omnibus spending) cut almost $40 billion in Obamacare tax revenue by “temporarily” delaying three taxes for a year or two: the medical device excise tax, the health insurance fee and the excise tax on high-cost employer benefit plans.

Make no mistake: all three taxes are harmful and should be eliminated. However, just kicking them down the road without making any effort to cut Obamacare spending does nothing to repeal the Affordable Care Act.

Read the entire op-ed at the Orange County Register.