The Baucus Bill, the Senate version of ObamaCare, will garner 87% of it's cost by taxing individuals making under $200K. And they are voting on it today. (Sen. Olympia Snow, by the way, announced today she'll vote 'yes')
Here's the cost breakdown from the American Enterprise Institute for Public Policy Research (AEI):
The report projected that the excise tax would raise about $52 billion in 2019. Of that, about $8.9 billion would come from taxpayers with incomes of less than $50,000; about $19.4 billion from taxpayers with incomes between $50,000 and $100,000; and about $17.4 billion from taxpayers with incomes between $100,000 and $200,000.$8.9 BILLION from taxpayers making LESS than $50,000. Then another $19.4 BILLION from those between $50,000 and $100,000 incomes. AND, lest we forget, $17.4 BILLION more still from those under $200K.
Let's enjoy some nostalgia from as far back as only last year when Obama made this promise, then repeated is constantly:
If you think health care is expensive now, wait until ObamaCare hikes your taxes to purchase it. Where's Will Ferrel now? Oh how we need his wisdom to tell us what to do.
"And if you're a family making less than $250,000 a year, my plan won't raise your taxes one penny--not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes," Obama told an audience in Orlando, Florida, in August 2008, something he repeated at almost every opportunity.
Here is the basic summary of what this Baucus plan will do:
So here goes: Under the health-care plan advanced by Senate Finance Committee Chairman Max Baucus, lower- and middle-class people who have insurance today are going to be taxed and squeezed in order to cover people who don't.
The money to finance the new entitlement comes from two main sources, tax increases and Medicare cuts. Medicare cuts are mostly borne by elderly folks with modest means. That undoubtedly explains why seniors are so concerned.
Wow, even us redneck hicks who don't know what's best for us can figure out the difference between paying higher taxes or receiving less medical coverage under Medicare and paying less and getting more.
0 comments:
Post a Comment