Posted on 03/19/2010 9:40:28 AM PDT by opentalk
House Speaker Nancy Pelosi (D-Calif.) revealed that a package of amendments to the Senate-passed health care bill would include a new tax on unearned income. Pelosi said this tax would cover all unearned income, “whatever category that is.”
Pelosi, speaking at a press conference on Thursday, said the new Medicare tax was inserted to make up for a reduction in the proposed tax on high-cost health insurance plans. The tax was opposed by House Democrats because it would have largely fallen on the generous health care plans enjoyed by labor union members, who are generally supportive of the Democratic Party.
Pelosi described the switch as a “victory” for the House
...When questioned by a reporter whether that meant the traditional capital gains – money earned from investments – Pelosi responded that the new tax would hit all “unearned income, whatever category that is.”
(Excerpt) Read more at cnsnews.com ...
How AARP can continue going for this is beyond me.
The US Constitution is dead.
We are a banana republic. The democrats are the tin pot dictators.
“Unearned income” is also known as interest from savings and profit from investment. If you lose money risking capital, you don’t get a refund, but if you make money, you are penalized for it [on top of the taxes on your income].
Our tax system seems as if it’s deliberately geared toward slowing down the economy. The Left doesn’t care that the “little guy” they purport to advocate for suffers the most because of this.
Yep. Those little kids with modest investment accounts aren’t paying their fair share! /s
(I have a friend whose little kids paid more in taxes than the big kids on the same investments)
“There is no such thing as earned income. Only income we let you keep” -Lousy Pelousy.
No new taxes on anyone making under $250K.../s
That, madame Speaker, is the income you receive from the Taxpayers.
This will hurt the economy, probably why we are not hearing about it. Obama machine is taking the wealth of the US.
Unearned income is my tax dollars used to pay these buffoons!
To Pelosi all Income is “unearned” unless you are working a government job.
This is getting to the point that armed rebellion is a better option than letting these pricks continue their assault on us.
Not one dime. I guess he was technically telling the truth, it’s a whole lot of dimes.
The Demo massacre at the polls in November is going to be not just Medieval, but of Biblical proportions.
And Obama? I see the possibility of a Republican fifty state sweep in 2012. and it may not matter who is on the ticket.
Pelosi is going to jail.
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