Posted on 10/10/2010 9:30:25 AM PDT by GailA
Tennesseans will save $2.7 billion on health care insurance when health care reform is in place in 2014, according to a new study.
That total will come as an estimated 664,100 Tennesseans will be eligible for premium tax credits, the study says.
The credits will be available from the federal government to people and families who make up to four times the national poverty level, up to $43,320 for an individual and up to $88,200 for a family of four. The amount of the credit will be based on income.
Money from the credits will flow directly from the government to the health plan the person or family chooses through new health care exchanges that will be available in 2014. So, these funds will not be available to spend on anything other than health insurance premiums.
The new study is from Families USA, a Washington health care consumer advocacy group that reviewed the tax credit's effect on citizens in nearly every state.
The study says the tax credits will go to 29 million mostly middle-income Americans and total $110 billion in reduced taxes. Families USA executive director Ron Pollack called the premium tax credits "one of the largest middle-income tax cuts in history."
(Excerpt) Read more at commercialappeal.com ...
Sort of like New Orleans, or what's left of it...
Woo Hoo! free taxpayer money. (Memphis is such a stupid cesspool. Arkansas you can have it.)
Remember, the Commercial Appear is the Commie rag that published the names and addresses of concealed carry permit holders. Traitors to the militia of the United States, in my book.
Excellent point. I ask liberals why they want the second amendment gone. (Pat answer is folks don’t need guns and guns kill people)
“I read recently on-line: Memphis is one of the most corrupt cities in the United States.”
It is also one of the most dangerous cities.
If the FED/GUV can require me to buy an ins. policy, can it also require me to buy a Dodge, a hybrid car,,or a wig?
At first glance, this looks like the old Communist promises. Tighten your belts, bear down on that yoke; then things will be better in five years. But that assumes that the policy will work as intended, that the far fetched assumptions about behavior will somehow come true, and that all participants will welcome the sacrifices.
The tax credits, as part of the federal budget, are funded by additional taxes on private health insurers, businesses, “fees” for individuals who do not buy health insurance, and other federal taxes.
The net “savings” will be less than zero as the cost of raising the federal revenue to offset the “tax credits” ripples throughout the economy; raising costs and prices throughout the economy; while the ignorant sheeple are led to believe they are getting something for nothing in their “tax credits”.
100% of all “cost reductions”, for ANYONE, due to Obamacare DO NOT entail any real cost reductions, only cost shifting from somewhere in the private economy to federal revenue, federal power and federal authority, with federal taxes to pay for the “cost reduction”.
What Obamcare gives with one hand it takes with the other. There is no free lunch, for anything.
Thanks for digging up this info, I passed it along with the article to my TN family and friends in my email’s, so they will know it is a phony study.
Talked with my eldest today, they live in Bowling Green, KY, he got his first raise in 2 years, not a big one, but by the time obamacare taxes, ins rate hikes, and increased food, utility cost hit, it will be like he never got a tiny pay raise. He’s 40 and thinks he’ll never own his own home the way the economy is. (he’s worked his way up to a district manager’s position).
It’s Dem controled, equal of NO, Detroit and Chicago in corruption.
Remember that all to well, I fired off a email to Sen Mark Norris over that. It puts me at risk of Jeremy’s killer finding where I live.
Tell them so do 4 x 4 fence post! Anything can be used to kill, all it takes is an evil person wanting to do so. We are going through the Lester Street killings now, several were stabbed as well as shot by one EVIL man.
An oldie but goodie! Sound familiar?
Stop Australia Going Under
Reprinted from political ad in the Western Australian Sunday Times, December 3, 1995
In 1944, Democratic U.S. Congressman Samuel Pettengill warned America that socialists would endeavor to have the U.S. spend itself into bankruptcy, with a view to making citizens totally dependent on a centralized government.
Pettengill detailed TEN POINTS of the socialist manifesto that would destroy free government. Almost 50 years later, down under in Australia, it is disturbing to reflect on Pettengill’s 10 points.
1) People must be made to feel their utter helplessness and their inability to solve their own problems. While in this state of mind, there is held up before them a benign and all-wise leader to whom they MUST look to the cure for all their ills.
2) The principle of local self-government must be WIPED OUT, so that this leader or group in control can have all the political power readily at hand.
3) Constitutional guarantees must be swept aside. This accomplished in part by RIDICULING them as outmoded and an obstruction to progress.
4) Public faith in the legal profession and respect for the courts must be undermined. The law making body must be intimidated and from time to time rebuked, so as to prevent the development of public confidence in it.
5) Economically, the people must be ground down by high taxes, which under one pretext or another they are called upon to pay. Thus they are brought to a common level and all income above a meager living is taken from them. In this manner, economic independence is kept to a minimum.
6) A great public debt must be built so the citizens can never escape its burden, making government the virtual receiver for the entire nation.
7) A general distrust of private business and industry must be kept alive so the public may not begin to rely on its own resources.
8) Government bureaus are set up to control practically every phase of the citizen’s lives.
9) The education of the youth of the nation is taken under CONTROL so that all may be indoctrinated at an early age with a spirit of submission to the system.
10) To supplement and fortify all the foregoing, there is kept up a steady stream of GOVERNMENT PROPAGANDA designed to extol all who bow the knee and to vilify those who dare raise a voice of dissent.
Samuel Barret Pettengill U. S. Congressman 1886-1974 Reprinted from an article in Ken Hamblin ‘Talks with America’ News letter Feb. 19. 1996
P.O.. Box 562 Castle Rock, CO 80104
PETTENGILL, Samuel Barrett, (nephew of William Horace Clagett), a Representative from Indiana; born in Portland, Oreg., January 19, 1886; in 1892 moved to Vermont with his father, who settled on a farm in Grafton, Windham County; attended the common schools; was graduated from Vermont Academy at Saxtons River in 1904, from Middlebury College, Middlebury, Vt., in 1908, and from the law department of Yale University in 1911; was admitted to the bar in 1912 and commenced practice in South Bend, Ind.; member of the board of education of South Bend, 1926-1928; elected as a Democrat to the Seventy-second and to the three succeeding Congresses (March 4, 1931-January 3, 1939); was not a candidate for renomination in 1938 to the Seventy-sixth Congress; resumed the practice of law; newspaper columist 1939-1948; vice president and general counsel of the Transportation Association of America, 1943-1945; national radio commentator, 1946-1948; attorney for the Pure Oil Co., Chicago, Ill., 1949-1956; consultant, the Coe Foundation, 1956-1965; resided at his boyhood farm near Grafton, Vt.; died in Springfield, Vt., March 20, 1974; interment in Grafton Village Cemetery, Grafton, Vt.
Thanks, on behalf of everyone. Your post deserves its own thread; the warnings so prescient.
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