Supreme Court's Health Law Decision Leaves in Place 21 Tax Hikes Costing Taxpayers More Than $675 Billion - Total Tax Increase Could Exceed $800 Billion When All Provisions Are Re-estimated Thursday, June 28, 2012
The Supreme Court’s health care ruling leaves in place 21 tax increases enacted as part of that law. A dozen of these, marked with an asterisk (*) below, target Americans earning less than $200,000 per year for singles and $250,000 per year for married couples. This is a clear violation of the President’s pledge to avoid tax hikes on low- and middle-income taxpayers. According to a new estimate from the non-partisan Joint Committee on Taxation (JCT) – which does not include updated scores for the individual mandate, the employer mandate, or certain other revenue effects – the tax increases that remain on the books will cost taxpayers more than $675 billion over the next ten years. Based on the 2010 estimates for the provisions that have not yet been re-estimated – which likely understate their current scores because of the shift in the budget window since the law’s enactment – it is likely that the total gross tax increase from the Democrats’ health law will actually exceed $800 billion over the next decade.
I don't have a problem with a tax to pay for health insurance reform/subsidies. I do have a problem with the way they did it. If the electorate wants government run health care, pass a single, broad based tax rate that EVERYONE pays so it can be tracked and matched to the cost of the program. We don't do that, and voters expect free stuff with others paying part of the tab, and deficit spending paying the rest. Both parties do it.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Care providers can expect to pay 2% more in taxes on capital equipment do expect that tax to be handed down. Or less equipment will be bought to help patients.
Thomas Sowell: There are no solutions, just trade-offs.
Entitlement Whore wrote: Supreme Court's Health Law Decision Leaves in Place 21 Tax Hikes Costing Taxpayers More Than $675 Billion - Total Tax Increase Could Exceed $800 Billion When All Provisions Are Re-estimated Thursday, June 28, 2012
The Supreme Court’s health care ruling leaves in place 21 tax increases enacted as part of that law. A dozen of these, marked with an asterisk (*) below, target Americans earning less than $200,000 per year for singles and $250,000 per year for married couples. This is a clear violation of the President’s pledge to avoid tax hikes on low- and middle-income taxpayers. According to a new estimate from the non-partisan Joint Committee on Taxation (JCT) – which does not include updated scores for the individual mandate, the employer mandate, or certain other revenue effects – the tax increases that remain on the books will cost taxpayers more than $675 billion over the next ten years. Based on the 2010 estimates for the provisions that have not yet been re-estimated – which likely understate their current scores because of the shift in the budget window since the law’s enactment – it is likely that the total gross tax increase from the Democrats’ health law will actually exceed $800 billion over the next decade.
Oh Boo Hoo you fat slob...Maybe you should get outta your house today and get some exercise, maybe a little sun..You festering in your own juices here at 285Bound.
FredHayek wrote: Care providers can expect to pay 2% more in taxes on capital equipment do expect that tax to be handed down. Or less equipment will be bought to help patients.
Yep, tax on med equipment and health insurers to pay for already over-expensive health care. Just dumb policy to tax health care. Colorado did it too, a hospital tax to fund state medicaid. Lets tax colleges next to fund student loans.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Come on man, be reasonable. It's only $800 billion. That's chump change isn't it? We have money like that laying around on the coffee table.
Wait, I've got an idea. Check it out. Let's raise taxes on the middle class during a recession. What do you think? I'm pretty sure that is EXACTLY what the economy needs....more taxes. rofllol rofllol rofllol
