There has been a significant amount of discussion and trial balloons floating out of the White House and Congress in recent days. Most frequently mentioned is a “value added” tax to replace the current income tax; Pelosi loves it.
COMMENTS:
A “value added tax” requires legions of government employees to implement and administer. You will not be aware of how much tax has been added on to things you purchase, or how much you are paying in an annual tax rate. Socialized countries have installed the “value added” tax and have discovered a decline in national productivity, horrendous increase in the costs of government, and lack of individual business incentive. This is a thinly disguised effort to increase the number of federal employees and the amount you pay in taxes at the same time. While we all need to fight this proposal with every ounce of energy we have, we also need to be aware that the new Senate Health Care Plan is going to tax insurance companies, medical providers, insurance premiums and probably some medical benefits that you will receive. Regardless of who gets taxed, we the consumers end up paying it.
TODAY’S QUERIES & ANSWERS:
Q. I heard two different stories about the new Senate version of the Health Care Plan. One is that it will cost $829 billion over 10 years, and one is that it will cost nothing. What’s the skinny? (Myrtle – Longview, WA)
A. The Congressional Budget Office estimates the cost at $828 billion over 10 years. Those who want it passed are saying it is free, being funded by over $400 billion in cuts of Medicare benefits, additional taxes on the insurance companies and medical providers, etc. Assuming illegals are not covered, only about 15 million additional will be covered at a cost of $55,266 each, a cost that will directly or indirectly be paid by the taxpayer. At the same time, seniors will feel the brunt of the cut in Medicare benefits. I can’t comment further at this time because the Senate is not allowing us to read it.
Q. Why isn’t Congress capping medical malpractice awards? (Milo – Santa Maria, CA)
A. Because Congress is corrupt. They’re mostly lawyers themselves and they receive huge donations from attorneys.
Q. Why isn’t Congress regulating the insurance companies? (Scott – Palmdale, CA)
A. Because Congress is corrupt. They receive huge donations from insurance conglomerates.
TODAY’S QUOTE:
“Corruption in government ultimately leads to tyranny.” – Unknown Scribbler
TODAY’S VIDEO:
http://www.youtube.com/watch?v=glKz5OYR1aA&NR=1
No comments:
Post a Comment