Thursday, June 11, 2009

Universal / National health Care and health Care reform are touted as saving money

Universal / National health Care and health Care reform are touted as saving money

why then are these NEW TAXES being researched by the current administration?

"HOW TO PAY FOR IT - Here, of course, is where the "rubber meets the road." It looks like the Senate Finance Committee will take the lead on developing strategies to pay for health care reform. Possibilities include:

* Limiting the income tax exclusion on employer-provided health care coverage.
* Either repealing the itemized deduction for medical expenses or raising the floor from 7.5% of adjusted gross income so fewer taxpayers can claim it.
* Curbing HSAs and FSAs.
* Requiring all state and local government employees to pay the Medicare tax.
* Clamping down on nonprofit hospitals.
* Hiking the tax on alcoholic beverages.
* Imposing a tax on sugar-sweetened beverages.

VAT TAX – The Administration has launched a trial balloon for a new national Value-Added Tax (VAT) to pay for health care. Ezekiel Emanuel, whose book on health care uses a VAT to fund the new government program and brother of White House chief-of-staff Rahm Emanuel, has been hired by the White House budget office to help design the health care plan."

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