The two biggest lies of President Barack Obama’s presidency are he won’t raise taxes on the middle class and Obamacare will reduce costs and improve medical care. Now that he has secured his second term Obamacare is looming large on the near horizon.

Even though Obama promised not to raise taxes on the middle class there are nearly 20 tax increases contained within Obamacare that will affect the middle class, poverty class, and seniors living on fixed incomes. One tax in particular that will hit the poverty class and seniors the hardest is the medical device tax.

A more recent report reveals a growing number of businesses that are planning massive layoffs due to the increased taxes and costs of Obamacare.