The health-care bill that the Senate Finance Committee will vote on today will cost a total of $829 billion over 10 years, with $507 billion of that cost being covered by new federal taxes and fees, according to the Congressional Budget Office (CBO).
$507 BILLION!! Is this how we lower costs in health care or as Warner said “the cost curve”? Is this how we make health care affordable? Is this how we expand competition? WHAT A CROCK OF CRAP!
These new taxes and fees include:
— $201 billion in new taxes on high-premium health care plans.
— $83 billion in new taxes paid by workers who will receive less employer-sponsored coverage or lose that coverage altogether but will be compensated with higher wages or monetary benefits, which are taxable.
— $23 billion in penalty fees paid by employers who do not comply with the federal insurance mandate.
— $4 billion in penalty fees paid by individuals who don’t have health insurance.
— $16 billion in new income and Medicare payroll tax revenue due to changes in Medicare.
— $180 billion in other tax revenues items calculated by the non-partisan Joint Committee on Taxation (JCT).
-A new tax on prescription drug makers that would account for $22.2 billion over 10 years
So much for Free-Markets and capitalism! So much for Freedom and Liberty, the power to tax is the power to control! Welcome to a whole new world of government regulation and TAXATION! Who could be for this? WHO!
Oh, by the way, the CBO has never been correct on costing anything! 829 billion is nothing…experience tells us it will be three times that amount!
Holy Crap! God help us!