Posted on 07/10/2009 11:55:16 AM PDT by myrage
Politico has gotten ahold of a list of taxes Max Baucus supports to fund taking over healthcare. Here they are:
— 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. This could raise $100 billion.
— Levy a five-percent surtax on individuals who earn more than $500,000 and couples that make $1 million.
— 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 could raise $240 billion. Increasing the cut-off to plans worth more than $25,000 would bring $90 billion.
— 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. The first scenario would raise $168 billion, while the second would collect $90 billion.
— Issue tax credit bonds to pay for the proposed Medicaid expansion, raising $75 billion.
— Charge fees to pharmaceutical manufacturers, bringing in as much as $20 billion, and insurance providers.
-- Raise taxes on sodas and sugary drinks. A 3-cent hike could pick up $30 billion, and a 10-cent hike could make $100 billion. This one already appears out of favor: Many senators have specifically ruled out the sugar tax, and a Senate Democratic source said it was the one option that was clearly not gaining traction with committee members.
http://www.politico.com/news/stories/0709/24752.html#ixzz0Kskz5IpY&D
Max- you’re not done. There’s still a nickel in the bottom of my purse.
New name for this ahole. “Taxus Max-imus”
All the billions that taxing health benefits will “earn” would be short lived - when the buyers of said health care go to the gov’t forced care.
If those policies don’t exist, then the revenue from taxing them wouldn’t exist either.
Not that there are a zillion things wrong with the plan, this particular detail just jumped at me when I read the list.
You don't seem to get it.
Democrats only want complete socialized medicine.....this is a route to get them there.
“We want the purse too!”
[Raise taxes on sodas and sugary drinks. A 3-cent hike could pick up $30 billion, and a 10-cent hike could make $100 billion.]
Therefore a dollar tax would raise one trillion. Healthcare problem solved.
Raise it to $10 a bottle, that brings in $10 Trillion and the deficit is solved.
See, so simple ye naysayers. I’m a genius!
b.bb...b.bbbb...bbut.....I distinctly heard Obama say we would get FREE healthcare.....
Tax text messages
They’ve said as much ANGGAPO. They will not be subject to the new health-care.
Surprisingly Baucus hasn’t yet come up with the idea of levying a special surcharge on drugs developed for “orphan drugs” ~ the idea being that so few people use these drugs, and their cost is so high, they should and must bear a far higher “fair share” of total costs.
We are going to reduce the quality of health care and increase the costs. Medicare and Medicaid are failures reprsenting close to $40 trillion in unfunded liabilities. Destroying private insurance will just give us another Medicare system covering everyone.
Keep it up, you taxing tyrants. At some point, you may find yourselves fearing for your lives.
FMCDH(BITS)
And it won’t be taxed as income.
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