The Republican National Convention is heating up in Tampa, Florida. Republican presidential candidate, Mitt Romney, champions on despite a hurricane threat and political mud-slinging.
Kentucky Senator Rand Paul clearly opposed Obamacare during his speech last night at the Republican National Convention. Paul stated that when the Supreme Court upheld Obamacare, the first words out of his mouth were “I still think it’s unconstitutional.” Under Obamacare, American citizens will be forced to purchase healthcare for themselves and their families. For those who reject the plan, there is a “penalty tax ” assessed that will be collected from every household. Here’s a brief rundown of the penalty tax: (for more info see the Business Insider)
- Less than $9,500 income = $0
- $9,500 – $37,000 income = $695
- $50,000 income = $1,000
- $75,000 income = $1,600
- $100,000 income = $2,250
- $125,000 income = $2,900
- $150,000 income = $3,500
- $175,000 income = $4,100
- $200,000 income = $4,700
- Over $200,000 = The cost of a “bronze” health-insurance plan
Rand Paul and his father Ron Paul are no strangers to the political arena. Ron Paul was eliminated from the GOP presidential primary race earlier this year. Ron Paul has become notoriously popular with the general public in his efforts to audit the Federal Reserve central bank.
Though the father and son team differ on supporting the Romney/Ryan ticket, Rand insists that Ron Paul supporters maintain loyalty to the GOP. Paul believes that the only way to undo the damage done by the Obama administration is to elect a new president; Mitt Romney.
One of the selling points of the Mitt Romney and Paul Ryan campaign is to attack the health plan initiated by President Barack Obama. At last night’s RNC event, Paul Ryan gave a speech in which he indicated that Obamacare has wasted over $700B. Other critics, including senior citizens, also have a negative opinion on this nationwide healthcare initiative. Taking money from medicare to pay for Obamacare is unpopular among those who are of age to use the service.