Romney: Insurance Mandate is a Tax, Not a Penalty

Mitt Romney on Wednesday made another attempt at clarifying his view of the recent Supreme Court decision on President Obama’s health-care reform law, saying the punishment for failing to purchase insurance is a tax – not a penalty fine.

The GOP presidential candidate said he agreed with the minority of justices in the 5-4 decision that the punishment is a fine, but “the Supreme Court has spoken.”

“The majority of the court said it’s a tax, therefore it’s a tax,” Romney said in a CBS News interview. “They have spoken. There’s no way around that. … The American people (now) know that President Obama has broken the pledge he made. He said he wouldn’t raise taxes on middle-income Americans.”

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