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May 24th, 2010 4:15 pm
Nearly 2/3 of Americans Now Want Obamacare Repealed
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That’s the result of a new Rasmussen poll out today that shows 63 percent of voters would like to see the crown jewel of the Obama legacy relegated to the ash heap of history. Per Rasmussen:

Prior to today, weekly polling had shown support for repeal ranging from 54% to 58%.

Currently, just 32% oppose repeal.

The new findings include 46% who Strongly Favor repeal of the health care bill and 25% who Strongly Oppose it.

While opposition to the bill has remained as consistent since its passage as it was beforehand, this marks the first time that support for repeal has climbed into the 60s. It will be interesting to see whether this marks a brief bounce or indicates a trend of growing opposition.

Perhaps this owes to the growing public awareness of some of the facts that Peter Suderman points out at Reason:

Already, businesses small and large are warning of the ill effects of the law’s changes to the tax code. In order to generate the nearly $1 trillion necessary to pay for the law, its authors scoured the tax code looking to squeeze out more money whereever possible. And sure enough, within a few days of its passage, a handful of big companies took tax write downs in response to changes in the tax treatment of an existing drug subsidy. An estimate by Credit Suisse puts the total damage across the economy at around $4.5 billion—with $1 billion coming from AT&T alone.

The change involved the tax treatment of a subsidy that never should have existed, but it suggests the extent to which America’s health care system is already reliant on government meddling, and how costly expanding the government’s role in the system can be. And, perhaps more importantly, a planned investigation into the write-downs revealed that many big corporations are considering dropping their health care coverage and dumping employees onto the public dole.

When Rep. Henry Waxman (D-Calif.) heard about the write-downs, he called a hearing with AT&T and other companies claiming big hits. But soon after the subpoenaed corporate documents were turned in, the hearing was canceled. Why? Likely because, as Fortune magazine reported, the documents showed that the companies were considering dropping coverage for many employees—directly contradicting one of the president’s key promises, that, under ObamaCare, “if you like your health care plan, you can keep your health care plan.” Even with penalties in place for employers who decline to provide health insurance, documents showed that Caterpillar could reduce its health care costs by as much as 70 percent and AT&T could save as much as $1.8 billion by shifting their employees into public programs.

If this sounds like a plan that only a bureaucrat could love, that’s because it is. Check out this underreported nugget from the Rasmussen poll:

The Political Class continues to be a strong supporter of the plan, however. While 67% of Mainstream voters believe the plan will be bad for America, 77% of the Political Class disagree and think it be good for the country.

The political class is about to get knocked on their heels. And to show how it can happen (warning: incoming teaser) , later this week I’ll be looking at a couple of little known-provisions in the health care bill that could prove its ultimate undoing.

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