Friday, July 17, 2009
DUMB HEALTH BILL
9:50 AM | 
Posted by
Dvlstx |
Tax the rich to give Health Benefits to EVERYONE. Can anyone say the start of SOCIALISM. What did Karl Marx say, "To everyone based on their need, from everyone based on their ability." Dumb Idea people. This health bill is WRONG on EVERY SINGLE level. But, it is being pushed through Congress just like everyother Democratically lead legislation without any one considering the consequences.
This is taken from :http://www.bloomberg.com/apps/news?pid=20601087&sid=apFBqBojL3IA
High Points (Or I should say LOW points)
The legislation would require companies to provide health insurance or pay an 8 percent payroll tax to help pay for their coverage by the government plan. The House is also proposing a mandate on Americans above a certain income level: People would be penalized as much as 2.5 percent of their income for failure to buy health insurance.
The plan would cost about $1 trillion over 10 years and reduce the number of uninsured by roughly 37 million Americans, according to a preliminary analysis by the Congressional Budget Office. The nonpartisan agency said that by 2019 some 17 million people, about half of them illegal immigrants, would lack coverage.
The question of how to pay for the overhaul is the biggest challenge, and the idea of imposing surtaxes on the wealthiest households is drawing fire from Republicans and Democrats. Senator Ben Nelson of Nebraska has expressed skepticism, as have House Democrats in the Blue Dog Coalition, a group that advocates spending restraint.
Graduated Surtaxes
House Ways and Means Committee members approved a series of graduated surtaxes that kick in on incomes above $280,000.
The surtax would also place a 1.5 percent additional levy on couples with incomes between $500,000 and $1 million, and a 1 percent surtax on incomes over $350,000. The measure is intended to raise $544 billion over 10 years and calls for the taxes to increase if the bill doesn’t hit a target for cost savings. Capital gains as well as earned income would be subject to the surtax.
The legislation also contains several tax increases on corporations, and a new provision to prohibit reimbursements for over-the-counter drug purchases using pretax health-spending plans such as employer-administered Flexible Spending Accounts and individually owned health savings accounts. "
This is taken from :http://www.bloomberg.com/apps/news?pid=20601087&sid=apFBqBojL3IA
High Points (Or I should say LOW points)
- So i won't be able to use my FSA for OTC stuff anymore
- If i make over 280,000 i will be taxed at a higher rate. (That's right tax the people who are successfull in life)
- If I don't have insurance, and i make over a certain amount of money i will be penalized with a 2.5% tax penalty
--From the Main Article "There was little bipartisanship on the Ways and Means panel. Democrats rejected a slew of Republican amendments that would have stripped a government-run plan from the legislation, prohibited rationing of health care and forced members of Congress into the public plan."
- That's right, the Republicans wanted to force members of Congress into the public plan. I think that would have been a great idea. As it is they have a health plan that they get to keep for life. How about take away their precious benefits and see how they like it
The legislation would require companies to provide health insurance or pay an 8 percent payroll tax to help pay for their coverage by the government plan. The House is also proposing a mandate on Americans above a certain income level: People would be penalized as much as 2.5 percent of their income for failure to buy health insurance.
The plan would cost about $1 trillion over 10 years and reduce the number of uninsured by roughly 37 million Americans, according to a preliminary analysis by the Congressional Budget Office. The nonpartisan agency said that by 2019 some 17 million people, about half of them illegal immigrants, would lack coverage.
The question of how to pay for the overhaul is the biggest challenge, and the idea of imposing surtaxes on the wealthiest households is drawing fire from Republicans and Democrats. Senator Ben Nelson of Nebraska has expressed skepticism, as have House Democrats in the Blue Dog Coalition, a group that advocates spending restraint.
Graduated Surtaxes
House Ways and Means Committee members approved a series of graduated surtaxes that kick in on incomes above $280,000.
The surtax would also place a 1.5 percent additional levy on couples with incomes between $500,000 and $1 million, and a 1 percent surtax on incomes over $350,000. The measure is intended to raise $544 billion over 10 years and calls for the taxes to increase if the bill doesn’t hit a target for cost savings. Capital gains as well as earned income would be subject to the surtax.
The legislation also contains several tax increases on corporations, and a new provision to prohibit reimbursements for over-the-counter drug purchases using pretax health-spending plans such as employer-administered Flexible Spending Accounts and individually owned health savings accounts. "
Subscribe to:
Post Comments (Atom)
0 comments: