New York And New Jersey, You're Paying For 25% Of Obamacare

AP Obama GOP

Obama’s real assault on Wall Street may be hidden in the health care plan.

A study by the Manhattan Institute found that a new investment tax, which is a key part of Obamacare, will cost New Yorkers $4.8 billion in taxes.

New York and New Jersey together may pay 25% of all funds raised by the tax.


“It’s like imagine a giant sucking machine taking dividend and interest income and sending it from New York to Washington, which is not a great thing at any time, but particularly if we continue to struggle economically in the state,” said the Manhattan Institute’s Steven Malanga.

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