The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Democrats propose “health care” law with $600 Billion in new taxes. Move to tax your health care benefits.

Posted by iusbvision on June 14, 2009

Barack Obama threatened voters in the campaign that if John McCain was elected president that you would face taxes on health care benefits. McCain proposed no such thing, but just a few months after Obama’s inauguration for the second time Democrats are proposing doing just that. Critics say the plan to tax your health care benefits is designed to price private health insurance out of the market allowing a government plan to take over.

Barack Obama also promised in the campaign that if you made under $250,000 a year you would face not one dime in new taxes. This promise was broken almost immediately with new taxes on tobacco and the unfunded mandates that came as strings attached to the stimulus bill funds which has forced many states such as Indiana to raise taxes in order to pay for them. If the new health care bill proposed by Democrats become law that promise will have been broken for the third time.

Bloomberg News:

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. The measure’s cost is reaching well beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a 10-year down payment for the policy changes.

Asked whether the cost of a health-care overhaul would be more than $1 trillion over a decade, Rangel said, “the answer is yes.” Some Senate Republicans, including Senator Orrin Hatch of Utah, say the costs will likely exceed $1.5 trillion.

House Democrats plan to release their legislation next week. Obama is working with Congress to get legislation to his desk by October.

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