A couple of weeks ago, I wrote in The American Spectator that the Democrats would effectively increase your health costs by raising your taxes to pay for “reform.” Well, here are some of the new taxes they’re planning for you:
Broaden the 1.45-percent Medicare tax on earned income to “passive income,” which could include money from capital gains, rental properties and businesses that do not require direct participation.
Tax health benefits at a higher level than had been considered. Two scenarios are in play. Taxing plans worth more than $20,300 for a family and $8,300 for an individual [or] Increasing the cut-off to plans worth more than $25,000.
Capping the tax break on itemized deductions at 28 percent, as President Barack Obama had proposed, or freezing the top deduction rate at 35 percent when the Bush tax cuts expire in 2010.
Charge fees to pharmaceutical manufacturers, bringing in as much as $20 billion, and insurance providers, raising $75 billion.
The really galling item is the tax on health benefits. That’s the proposal that the Dems used against John McCain last year. Meanwhile, Democrat Senator Max Baucus is pressuring the CBO to fudge the cost numbers for his plan.
It didn’t exactly require Nostradamus-like prescience to predict this development, of course. Raising taxes is what these people so best, if you don’t count breaking campaign promises. As Michelle Malkin puts it:
Higher taxes and government book-cooking: The Democrat prescription for everything.
Yep.
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