President Obama sold those tax increases by promising they would not hit most people.

"If your family earns less than $250,000 a year, you will not see your taxes increased a single dime," the President told a joint session of Congress in 2009.

Many of the taxes and penalties, however, will hit the middle class and below, such as the penalties on those who do not buy insurance.   

"Who's going to be uninsured?" Doug Holtz Eakin, former head of the Congressional Budget Office said. "People who are young and healthy, typically not super affluent. Poor people who simply can't afford insurance, so by and large that penalty tax is a tax on uninsured lower income Americans."    

The President also plans to cover the trillion dollar cost of the first 10 years with 500 billion dollar cuts to Medicare, which the program's chief actuary said would not work. Others explain that is because of a simple reason.