Pete Souza/Official White House Photo, Sept. 2009

The Supreme Court ruled 5-4 today that President Obama's health-care law, his top domestic policy achievement, is constitutional because the "individual mandate"-the penalty individuals must pay for not buying health insurance-can be considered a tax.

As Congress crafted the law, there was some dispute over whether or not to consider the mandate a "tax" or a "penalty." In this September 2009 exchange with ABC's George Stephanopoulos, President Obama maintained that the mandate is not a tax.

Luckily for Obama, the Supreme Court held that he was wrong. The law stands, only because Congress has the authority to tax-something Obama maintained it wasn't trying to do.

Transcript below:

STEPHANOPOULOS: …during the campaign. Under this mandate, the government is forcing people to spend money, fining you if you don't. How is that not a tax?

OBAMA: Well, hold on a second, George. Here - here's what's happening. You and I are both paying $900, on average - our families - in higher premiums because of uncompensated care. Now what I've said is that if you can't afford health insurance, you certainly shouldn't be punished for that. That's just piling on. If, on the other hand, we're giving tax credits, we've set up an exchange, you are now part of a big pool, we've driven down the costs, we've done everything we can and you actually can afford health insurance, but you've just decided, you know what, I want to take my chances. And then you get hit by a bus and you and I have to pay for the emergency room care, that's…

STEPHANOPOULOS: That may be, but it's still a tax increase.

OBAMA: No. That's not true, George. The - for us to say that you've got to take a responsibility to get health insurance is absolutely not a tax increase. What it's saying is, is that we're not going to have other people carrying your burdens for you anymore than the fact that right now everybody in America, just about, has to get auto insurance. Nobody considers that a tax increase. People say to themselves, that is a fair way to make sure that if you hit my car, that I'm not covering all the costs.

STEPHANOPOULOS: But it may be fair, it may be good public policy…

OBAMA: No, but - but, George, you - you can't just make up that language and decide that that's called a tax increase. Any…

STEPHANOPOULOS: Here's the…

OBAMA: What - what - if I - if I say that right now your premiums are going to be going up by 5 or 8 or 10 percent next year and you say well, that's not a tax increase; but, on the other hand, if I say that I don't want to have to pay for you not carrying coverage even after I give you tax credits that make it affordable, then…

STEPHANOPOULOS: I - I don't think I'm making it up. Merriam Webster's Dictionary: Tax - "a charge, usually of money, imposed by authority on persons or property for public purposes."

OBAMA: George, the fact that you looked up Merriam's Dictionary, the definition of tax increase, indicates to me that you're stretching a little bit right now. Otherwise, you wouldn't have gone to the dictionary to check on the definition. I mean what…

STEPHANOPOULOS: Well, no, but…

OBAMA: …what you're saying is…

STEPHANOPOULOS: I wanted to check for myself. But your critics say it is a tax increase.

OBAMA: My critics say everything is a tax increase. My critics say that I'm taking over every sector of the economy. You know that. Look, we can have a legitimate debate about whether or not we're going to have an individual mandate or not, but…

STEPHANOPOULOS: But you reject that it's a tax increase?

OBAMA: I absolutely reject that notion.

FOR MORE INFORMATION ON THE RULING, SEE OUR STORY HERE.

Or read the Supreme Court decision HERE

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