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House Health-Care Bill to Include $600 Billion in Tax Increases

Discussion in 'Political Zone' started by Bach, Jun 12, 2009.

  1. Bach

    Bach Benched

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    June 12 (Bloomberg) -- Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.

    Democrats will work on the bill’s details next week as they struggle through “what kind of heartburn” it will cause to agree on how to pay for revamping the health-care system, Rangel, a New York Democrat, said today. He also said the measure’s cost will reach beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a down payment for the policy changes.

    Asked whether the cost of a health-care overhaul would be more than $1 trillion, Rangel said, “the answer is yes.”

    House Democrats plan to release their legislation next week. Obama has made a health-care overhaul a top domestic priority and is working with Congress to get legislation to his desk by October.

    Democrats in the House and Senate are working on legislation that would require all Americans to have health insurance, prohibit insurers from refusing to cover pre-existing conditions and place other restrictions on the industry.

    The legislation would establish online exchanges for individuals to purchase insurance and would require employers to provide health benefits to workers or pay a penalty. Some Democrats also are backing creation of a government-run program to expand coverage to the uninsured. The issue is the subject of bipartisan negotiations with Republican opponents.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aqLNecbH0dcg
  2. sacase

    sacase Well-Known Member

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    Expect health insurance costs to rise.
    Expect to pay taxes on ALL of your employer paid health benifits

    This is real brilliant to do this in the middle of a recession. I hoep this goes through and hurts people badly. One short term for Obama.
  3. Bach

    Bach Benched

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    Oh, but that can't happen since only the top 5% will have their taxes increased. The Obamessiah said so.
  4. Maikeru-sama

    Maikeru-sama Mick Green 58

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    I love how people will "openly" wish for people to get hurt because the guy they voted for didn't win the election.

    Me, I hope the United States gets through this and as little people as possible are hurt.
  5. JBond

    JBond Well-Known Member

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    Obama promised not a dime of new taxes on any couples under $250K. His own promises will not allow him to institute new taxes including new taxes on benefits or anything else, unless he is a complete and total liar.

    Everyone here is probably pretty clear on my opinion of Obama. I believe he will lie and institute the new taxes breaking yet another promise. That is what happens when fools vote in an idiot that is a habitual liar.

    Can't wait for the leftist's to defend this one. I'm sure they will come up with some insane rationale that only makes sense in a cradle to grave big entitlement leftist society.

    It sure would be nice if people would figure out how to take care of themselves.
  6. jwhardin

    jwhardin Member

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    Then they shouldn't have voted for a socialist
  7. Doomsday101

    Doomsday101 Well-Known Member

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    Get ready for poor service and waiting list
  8. Doomsday101

    Doomsday101 Well-Known Member

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    59,948,240 people didn't
  9. Bach

    Bach Benched

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    Exactly. I can't wait to hear the spin on this. I'm sure he'll find a way to at least convince 50.1% of Americans that a tax increase somehow isn't really a tax increase.
  10. Doomsday101

    Doomsday101 Well-Known Member

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    They will spin it because it will not be in the form of an income tax but other various tax increases
  11. Dallas

    Dallas Old bulletproof tiger

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    I think your gett'n it. Wouldn't that be marvelous though? This is going to piss off everyone.

    I love it!!! :lmao: Keep on spending Mr. President. You won't be here long.

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