Friday, June 29, 2012

A Tax Unlike Any Other

Chief Justice John Roberts ruled Thursday that Barack Obama used “magic words” to characterize a multi-billion dollar tax increase on middle and low income earners as a “penalty.”

“‘Magic words or labels’ should not ‘disable an otherwise constitutional levy,’” he wrote, citing a 1992 sales tax case. “This process yields the essential feature of any tax: it produces at least some revenue for the Government … $4 billion per year by 2017.”

The 5-4 ruling upholding Obama’s chief legislative achievement undermines the president’s claim that he would never raise taxes on Americans making less than $250,000 per year.

Read more at the Washington Free Beacon

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