House Health-Care Proposal Adds $600 Billion in Taxes
It’s the end of healthcare as we know it. We simply cannot afford it AND government run healthcare means innovation will die along with many more patients.
June 12 (Bloomberg) — Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.
Democrats will work on the bill’s details next week as they struggle through “what kind of heartburn” it will cause to agree on how to pay for revamping the health-care system, Rangel, a New York Democrat, said today. The measure’s cost is reaching well beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a 10-year down payment for the policy changes.
So you take an economy that’s in shambles and add more debt and taxes to those who are still working and employing people. What a wonderful way to begin the socialization of the economy. Make everyone dependent upon the government for healthcare and aid for food since you’re taxed into the poor house. Brilliance Komrade Obama! Brilliance!