Posted on 11/07/2009 4:27:36 PM PST by tobyhill
As a candidate and president, Barack Obama has had one core message for the middle class: I won't raise your taxes. The White House has pledged that only the wealthy — families earning more than $250,000 — would face a boost in income, capital gains, or other taxes. For the 97 percent of Americans below that level, no increases are in store.
But as Congress inches closer to forging a massive package of health-care reforms, it's increasingly clear how difficult it will be to keep that pledge. To pay for the near trillion-dollar health-care system overhaul — not to mention reining in the deficit and funding other ambitious plans Obama has laid out for the years ahead — many outside the White House believe the middle class will not be spared. Republican critics contend that the White House is misleading the public about who will ultimately shoulder much of the cost of extending coverage to tens of millions of uninsured Americans.
(Excerpt) Read more at msnbc.msn.com ...
Bear. Forest. Any questions?
The fed cut aid to our state. guess what....94 new/existing state taxes this year.
Fool me once shame on you.
Fool me twice shame on me.
This bill is a Tar Baby. Go ahead Pelosi fools. Punch it and pay the price.
Could health care reform lead to hidden taxes?
the answer is no. The taxes will be overt, obvious and destructive. The dems answer, of course, will be “we won”..
I think a better question is will it lead to violent revolution?
ROFLOL? Seriously have they nver bothered to look into the taxes that everyne pays in all of these other countries with socilaized medicine> There is nothing “free” about it!If this passes I guarantee that most people who have a housepayment will quickly figure out that losing 40% of their income or more to taxes will make it so they can no longer afford their lives!
Just what I was thinking, they are not even trying to hide the taxes. Words just words
It Took Just Minutes
Cornell Law School professor, William A. Jacobson, says he's had only a few minutes to look at the bill, but one fundamental and profound stupidity jumped out at him.
The bill defines which businesses are subject to the health care tax based upon the dollar amount of employee payroll. There even is a sliding scale right in the bill (section 501, at page 276) which tops out at 8% for businesses with $750,000 of annual payroll. Annual payroll is defined as the “aggregate wages” paid by the employer.
This provision creates incentives for businesses to keep down payroll. One way would be not to hire anyone whose compensation would fall under the definition of payroll under the bill.
In other words, outsource whatever you can. Hire a software engineer in India, or ship manufacturing to China, or structure your business in such a way that you send 1099s not W-2s to the people who work for you (and hire an accountant and tax lawyer to navigate IRS rules on independent contractors).
The message of the bill is that whatever you do, if you want to grow your business without paying the health care tax, do not add employees.
Obama does not understand these provisions. Obama gave a speech this morning in which he stated that these provisions are directed at small businesses operating on thin margins. But these provisions have nothing to do with profit margins. This is a wage-based tax.
Obama does not understand the difference between profit margins and wages. This is exactly what you would expect from someone who always has been on the receiving end of wages, and never had to meet a payroll. Wages are not profits and have nothing to do with the success of a business. Just ask the auto companies.
Jacobson doesn't think Obama and the other Democrats are lying about this aspect of the health care tax. They truly do not understand how the private economy works. In their blissful ignorance they are designing job-killings provisions which they do not understand.
Jacobson says that it is not an overstatement to say “be afraid, be very afraid” of this monstrosity.
I just don’t believe they don’t understand. They do.
This is just as purposeful as his ‘shout out’ the other day.
Of course it will!
If the giant tax hikes out in the open aren’t enough to scare you,
Here are the hidden ones. :D
Hidden taxes. Ovet taxes. All sorts of dandy new taxes.
I agree. Otherwise he would listen to the other side instead of trying to ram it through without a reasonable debate and posting on the internet for the public.
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