Friday, May 15, 2009
More New Taxes! More! More!
Look at all those shiny cars Detroit is building and selling! Look at all the car dealerships that are opening up! Look at how great the Stock Market is doing! Look at how low the unemployment rate is! A dollar still has enormous buying power! HooRay! HooRay for The Affirmative Action Prednint Barack Hussein Pbama, Junior and the
Prosperity for all! For Everyone! Money falls from the sky and everyone takes only what they need! It's a Happy, Sunny, Pushy, Sunshine Smile Day For Everyone Forever and Ever! Yahoo! Wheeeeeeeeeeeeee! Happy Dappy Ding Dong!
If you make big bucks — or enjoy alcohol, cigarettes and Coke — the government might hit you up to pay for fixing the nation’s health care system.
On Tuesday, the Senate Finance Committee peeked into vending machines and liquor stores, company payrolls and health savings accounts, looking for a mix of tax increases and spending cuts as a way to pay for a health overhaul — which could cost more than $1.5 trillion over 10 years.
Experts thought the big debate might be public plan vs. no public plan. But that may well pale in comparison to the difficulty of settling on a way to finance health care reform.
“I wish there were a number of painless options,” Robert Greenstein, executive director of the Center on Budget and Policy Priorities, wrote in his prepared testimony. “There aren’t.”
There appeared to be a bubble of support among the experts for taxing bad behavior, including a $2 tax on a pack of cigarettes and a higher excise tax on alcohol.
People who like the tax-free status of their company health benefits could be asked to ante up. Money in the pot: more than $700 billion over 10 years.
Treasure the tax benefits from your health savings account? Some experts say the accounts encourage “excess consumption” of health services — and committee Chairman Max Baucus (D-Mont.) agreed they’re worth a look. Money in the pot: $60 billion over 10 years.
Baucus gave one of the clearest signals yet that limiting the tax-free status on employer-based insurance remains a serious option. Obama opposed it during the campaign and repeatedly went after Republican John McCain for making it the centerpiece of his health care plan. Labor unions are also against it.
Yet the idea is attractive because of the money it could generate: $250 billion annually if the deduction was lifted altogether. Baucus insisted a full repeal was not under consideration, but he said lawmakers must look at the deduction.
These Liberals just cannot stop themselves from spending money. They know raising income and sales taxes are met with protestations, and rightly so, because they are at their limit. So they look to old avenues such as sin taxes - tobacco and booze - and then to areas where they haven't created a tax but could - such as the portion of your health or medical insurance paid for by your employer or a tax on soft drinks.
If you think the government - at any level; local, state or federal - lacks revenue, something is seriously wrong with you. You may have a tumor or you may simply be a congenitally deranged Liberal. If so, there is no help for you. You should find a cliff where rocks below it are sharp and jagged. You should then take a good running leap off said cliff.
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