Posted on 03/03/2010 2:49:56 AM PST by reaganaut1
Edited on 03/03/2010 4:34:22 AM PST by Admin Moderator. [history]
Unnoticed at the summit was a diatribe in which President Obama showed he has no patience for any kind of health-care reform that most Republicans, most economists and [some] Democrats believe in
(Excerpt) Read more at online.wsj.com ...
bttt
Wrong; 1986 the deduction from income of med expenses got limited to whatever was over 7.5% of income. Thanks, Mr. Gephardt. That is the original sin.
Why should medical payments or medical insurance payments be deductible from taxable income for any reason? Car insurance payments, homeowners’ insurance payments, rental insurance, personal-property insurance ... none of those costs are deductible, even though, without insurance, the person would have an out-of-pocket cost in the event of a loss.
If we want to find an “original sin,” maybe it’s the Federal income tax itself, compounded by its use for social engineering and economic manipulation.
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