Some info on the new Health Tax
You have to give Speaker of the House Nancy Peloooza some respect. I mean has there ever been a woman with bigger cajones then her? For her to stand up in front of a hand picked audience, backed by boot licking brown nosers. All of which are parading around patting themselves on the back for putting together the least transparent and secretive jumble of anti American policy that is going to hurt more then help this nations future generations.
Some facts from the CBO and JCT Scores on this debacle:
By far, the largest tax hike will be the 5.4% surtax on millionaires and half-millionaires. Let's also not forget that this should include about half of all small businesses in America. It raises taxes by $461 billion in the first ten years .
When the bill is fully phased-in, it will increase net taxes by approximately $200 billion per year. Put another way, it will add about a percentage point to federal taxes as a portion of the economy. Put yet another way, it will increase the historical federal tax burden by about 5.5 percent.
(b) QUALIFIED CHILD DEFINED.—In this section, the term ‘‘qualified child’’ means, with respect to a principal enrollee in a qualified health benefits plan, an individual who (but for age) would be treated as a dependent
child of the enrollee under such plan and who—
(1) is under 27 years of age; and (2) is not enrolled in a health benefits plan
other than under this section. (c) PREMIUMS.—Nothing in this section shall be construed as preventing a qualified health benefits plan from
increasing the premiums otherwise required for coverage
provided under this section consistent with standards established by the Commissioner based upon family size
under section 213(a)(3).
What does this mean is it funded or isn't it?
(4) ABORTION SERVICES.—
(A) ABORTIONS FOR WHICH PUBLIC FUND10
ING IS PROHIBITED.—The services described in
this subparagraph are abortions for which the
expenditure of Federal funds appropriated for
the Department of Health and Human Services
is not permitted, based on the law as in effect
as of the date that is 6 months before the beginning of the plan year involved.
(B) ABORTIONS FOR WHICH PUBLIC FUNDING IS ALLOWED.—The services described in
this subparagraph are abortions for which the
expenditure of Federal funds appropriated for
the Department of Health and Human Services
is permitted, based on the law as in effect as
of the date that is 6 months before the beginning of the plan year involved.
Some serious double talk that says nothing there. A reading of the CBO report at first indicates that there may be federal reductions in the deficit. However that being a shell game the cost to States will increase. An estimated 5% in taxes on individuals and businesses across the board yearly is needed in order to maintain this scam. This increase yearly is averaged at twice the COLA normally given to employees. SO where is the savings? The CBO also indicates that in an estimated look beyond the ten year budget, the savings will dissipate while medicaid expenditures increase and more and more people will end up with less coverage or no coverage at all. Increasing this number from the fabled 11 to 13 million now to over 20 million by 2019 uninsured people.
This is nothing more then government language to take over the health care industry reducing coverage and the quality of services for the American people.
Some facts from the CBO and JCT Scores on this debacle:
By far, the largest tax hike will be the 5.4% surtax on millionaires and half-millionaires. Let's also not forget that this should include about half of all small businesses in America. It raises taxes by $461 billion in the first ten years .
When the bill is fully phased-in, it will increase net taxes by approximately $200 billion per year. Put another way, it will add about a percentage point to federal taxes as a portion of the economy. Put yet another way, it will increase the historical federal tax burden by about 5.5 percent.
(b) QUALIFIED CHILD DEFINED.—In this section, the term ‘‘qualified child’’ means, with respect to a principal enrollee in a qualified health benefits plan, an individual who (but for age) would be treated as a dependent
child of the enrollee under such plan and who—
(1) is under 27 years of age; and (2) is not enrolled in a health benefits plan
other than under this section. (c) PREMIUMS.—Nothing in this section shall be construed as preventing a qualified health benefits plan from
increasing the premiums otherwise required for coverage
provided under this section consistent with standards established by the Commissioner based upon family size
under section 213(a)(3).
What does this mean is it funded or isn't it?
(4) ABORTION SERVICES.—
(A) ABORTIONS FOR WHICH PUBLIC FUND10
ING IS PROHIBITED.—The services described in
this subparagraph are abortions for which the
expenditure of Federal funds appropriated for
the Department of Health and Human Services
is not permitted, based on the law as in effect
as of the date that is 6 months before the beginning of the plan year involved.
(B) ABORTIONS FOR WHICH PUBLIC FUNDING IS ALLOWED.—The services described in
this subparagraph are abortions for which the
expenditure of Federal funds appropriated for
the Department of Health and Human Services
is permitted, based on the law as in effect as
of the date that is 6 months before the beginning of the plan year involved.
Some serious double talk that says nothing there. A reading of the CBO report at first indicates that there may be federal reductions in the deficit. However that being a shell game the cost to States will increase. An estimated 5% in taxes on individuals and businesses across the board yearly is needed in order to maintain this scam. This increase yearly is averaged at twice the COLA normally given to employees. SO where is the savings? The CBO also indicates that in an estimated look beyond the ten year budget, the savings will dissipate while medicaid expenditures increase and more and more people will end up with less coverage or no coverage at all. Increasing this number from the fabled 11 to 13 million now to over 20 million by 2019 uninsured people.
This is nothing more then government language to take over the health care industry reducing coverage and the quality of services for the American people.
