Want to know how Reid and Obummer plan on paying for the so called Health Reform which is no reform at all but a tax and a way of controlling another segment of the American economy?
Senator Harry Reid's health care bill uses the word "tax" 183 times--and each time it hurts more than the last. As documented (section/cost) by Americans for Tax Reform, here are 18 of Sen. Reid's tax hikes:
Individual Mandate Tax (Sec. 1501/$8 billion),
Employer Mandate Tax (Sec. 1513/$28 billion),
Excise Tax on Comprehensive Health Insurance Plans (Sec. 9001/$149.1 billion),
Employer Reporting of Insurance on W-2 (Sec. 9002/Min$),
Medicine Cabinet Tax (Sec. 9003/$5 billion),
HSA Withdrawal Tax Hike (Sec. 9004/$1.3 billion),
FSA Cap (Sec. 9005/$14.6 billion),
Corporate 1099-MISC Information Reporting tax (Sec. 9006/$17.1 billion),
Excise Tax on Charitable Hospitals (Sec. 9007/Min$),
Tax on Innovator Drug Companies (Sec. 9008/$22.2 billion),
Tax of Medical Device Manufacturers (Sec. 9009/$19.3 billion),
Tax on Health Insurers (Sec. 9010/$60.4 billion),
The bill seeks to Eliminate tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D (Sec. 9012/$5.4 billion),
Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI (Sec. 9013/$15.2 billion),
Sets a $500,000 Annual Executive Compensation Limit for Health Insurance Executives (Sec. 9014/$0.6 billion),
Hike in the Medicare Payroll Tax (Sec. 9015/$53.8 billion),
Blue Cross/Blue Shield Tax Hike (Sec. 9016/$0.4 billion),
Tax on Cosmetic Medical Procedures (Sec. 9017/$5.8 billion).
Now you know how they manage to “Cook the Numbers” to show it will “save” money. It amounts to TAX, TAX, TAX. But then that is a favorite item in the leftist vocabulary. In other words, it’s a lie, not just a lie but a blatant lie which we use to call back up in the mountains, a low down rotten skunk smelling damn lie. There is no other language to describe it otherwise that is printable on this blog.
Hat tip: FRC