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Transcripts For CNN Anderson Cooper 360 20120703

effect of the individual mandate is to raise taxes on those who do not do so, and thus the law may be upheld as a tax. sounds pretty clear, doesn t it? however, to call it as you just heard the biggest tax increase in history is just factually wrong. it is definitely a tax. both in the eyes of the supreme court and in the eyes of the republican party. but over at romney s campaign headquarters, it looks like someone forgot to read the memo. the governor does not believe the mandate is a tax, that s what you re saying? the governor believes that what we put in place in massachusetts was a penalty and he disagrees with the court s ruling that the mandate was a tax. so he agrees with the president that it is not and he believes you shouldn t call the tax penalty a tax. you should call it a penalty or a fee or a fine? that s correct. that s correct. mitt romney and president obama are on the same page. though in fairness it would be hard for the romney campaign to sa

Transcripts For CNN Anderson Cooper 360 20120703

are enforced by the irs. as chief justice john roberts wrote in his opinion, the only effect of the individual mandate is to raise taxes on those who do not do so, and thus the law may be upheld as a tax. sounds pretty clear, doesn t it? however, to call it as you just heard the biggest tax increase in history is just factually wrong. it is definitely a tax. both in the eyes of the supreme court and in the eyes of the republican party. but over at romney s campaign headquarters, it looks like someone forgot to read the memo. the governor does not believe the mandate is a tax, that s what you re saying? the governor believes that what we put in place in massachusetts was a penalty and he disagrees with the court s ruling that the mandate was a tax. but again so he agrees with the president, but he agrees with the president that it is not and he believes that you shouldn t call the tax penalty a tax, you should call it a penalty or a fee or a fine? that s correct.

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