Obamacare costs to fall mostly on middle class
Taxes resulting from the recently Supreme Court affirmed Obamacare will fall mostly on the middle class, according to the Wall Street Journal’s chief economist.
Wall Street Journal’s senior economics writer Stephen Moore said that nearly 75 percent of Obamacare costs will saddle those Americans making less than $120,000 annually. That would be the middle class. “It’s a big punch in the stomach to middle class families,” Moore said.
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