Free Republic

As the war on the rich continues to escalate on both coasts, it's the middle-class residents of blue states that will be stuck with the tab.The war on the rich is escalating on both coasts. While Democrats argue they’re righteously demanding the wealthy pay their fair share, it’s the middle class who will pay the biggest price. Legislation labeled a “wealth tax” targets the wealthy. In Washington state, billionaires would be hit with a 1 percent tax on intangible assets. New York’s legislation includes tax hikes on income, capital gains, inheritance, and even stock trades. Seattle state Rep. Noel Frame...

A major component of the Senate Obamacare bill is the 40% tax on "Cadillac" health plans. The bill defines Cadillac plans as any health insurance policy costing more than $8,500 (for an individual) and $23,000 (for a family). The contention is that the tax is the element of the plan that will "bend the cost curve downward" A Dec. 22 Washington Post editorial praised the Cadillac tax as "an essential element of the package." Political reported that a letter to the White House signed by 23 distinguished economists said it is "critical" because it "offers the most promising approach to...