a tax by any other name

Obama Gives Up on Tax Versus Penalty Argument, Picks Entirely New Term

CINCINNATI, OH - JULY 16: U.S. President Barack Obama speaks about the economy during a campaign event July 16, 2012 in Cincinnati, Ohio. Obama discussed his plan to restore middle class security by paying down our debt in a way that ensures everyone pays their fair share and still invests in the things we need to create jobs and grow our economy over the long term. (Photo by Jay LaPrete/Getty Images)
CINCINNATI, OH - JULY 16: U.S. President Barack Obama speaks about the economy during a campaign event July 16, 2012 in Cincinnati, Ohio. Obama discussed his plan to restore middle class security by paying down our debt in a way that ensures everyone pays their fair share and still invests in the things we need to create jobs and grow our economy over the long term. (Photo by Jay LaPrete/Getty Images) Photo: Jay LaPrete/2012 Getty Images

It’s less a tax or a penalty than it is a principle — which is you can’t be a freeloader on other folks when it comes to your health care, if you can afford it.” — President Obama’s latest move in his battle with Mitt Romney over whether the health care mandate is a tax or a penalty, rejecting both terms and dubbing it a “principle.” Maybe these two should call their semantic argument a draw and channel their energy into Words With Friends.

Obama Gives Up on Tax Versus Penalty Argument