How is it that a law can raise taxes and cut spending, but also add trillions to the deficit? That was Mitt Romney’s claim after the U.S. Supreme Court upheld the core of the health care law on June 28, 2012. "Obamacare raises taxes on the American people by approximately $500 billion. Obamacare cuts Medicare -- cuts Medicare by approximately $500 billion," Romney said. "And even with those cuts and tax increases, Obamacare adds trillions to our deficits and to our national debt, and pushes those obligations on to coming generations."
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