This is more recent and credible.<quoted text>
Q: Is the new health care law “the biggest tax increase in history”?
A: In raw dollars, perhaps. But several tax increases just since 1968 were larger as percentages of the economy, or in inflation-adjusted dollars.
Using “constant” dollars — all adjusted to equal the value of a dollar in 2009 — the ACA drops to fourth place, and the tax increase signed in 1982 by President Reagan becomes the largest since 1968.
everyone knows that.
The main disadvantage is that the Act could actually increase health care costs over the short term. That's because many people will receive preventive care for the first time in their lives. This could lead to treatment of heretofore unknown illnesses, driving up costs.(Source: CBO, 2009 Study on Preventive Health Care, August 7, 2009)
Most of the disadvantages are accruing to those individuals and businesses that are paying higher taxes. In addition, somewhere between 3-5 million workers could lose their existing, company-sponsored health insurance if their company finds it more cost-effective to let them buy it on their own and pay the penalty.