House Democrats today released their version of the government takeover of the health-care industry, and like "strength through negotiation" and "deficit cutting by deficit spending", it is a pie-in-the sky fantasy that defies logic (but not ideology):
House Democrats on Friday unveiled legislation they said would cover virtually all the nearly 50 million uninsured Americans.
Major provisions of the draft bill would impose new responsibilities on individuals and employers to get coverage, end insurance company practices that deny coverage to the sick and create a new government-sponsored plan to compete with private companies.
But it remained far from clear how the Democrats intend to pay for their plan, even as they vowed to take the legislation to the House floor by the end of July.
Oh, they know how they are paying for it. It's not clear because they're not telling us what they've been discussing in back rooms:
The list of options being weighed by the tax-writing House Ways and Means Committee, and obtained Thursday by The Associated Press, aims to raise some $600 billion over 10 years to partially pay for President Barack Obama's goal of overhauling the nation's health care system to tame costs and cover the 50 million uninsured.
The tax options include:
- Increasing the price of soda and other sugary drinks by 10 cents a can.
- Applying a potential 2 percent income tax increase to single taxpayers earning more than $200,000 a year and households earning more than $250,000.
- A new employer payroll tax could target 3 percent of employers' health care expenditures.
- Taxing employer-provided health insurance benefits above certain levels - a less likely option but one that still is in the running.
Also under consideration are higher alcohol taxes, increases to the Medicare payroll tax and a value-added tax, a sort of national sales tax, of up to 1.5 percent or more.
And this is on top of the "tax-and-trade" proposals being floated through Congress that will likely cost every family at least $1200/year in the name of "the enviornment" , but with the real goal of giving the political class more of your money to spend as they wish...
Don't think it will happen? White House press secretary Robert Gibbs guarentees it will:
"The president is not going to sign a health care bill that increases the size of the deficit."
The only way to keep the deficit at a mere $1.6 trillion would be to sign the bill with all of the above taxation measures...allowing the president to keep his promises on health care and the deficit while saddling every hardworking American with the costs via addtional daily taxes.
But we exist only to serve The One....