July 10, 2009

SPEND...SPEND...SPEND...TAX...TAX/..TAX...:

House Democrats Plan to Tax the Wealthy to Pay for Health Care Reform (David M. Herszenhorn, 7/10/09, NY Times)

To pay for a sweeping overhaul of the health care system, House Democrats will propose a surtax on individuals earning $280,000 and up and couples earning more than $350,000, the chairman of the tax-writing Ways and Means Committee said on Friday.

In all, the proposal is projected to generate roughly $550 billion over 10 years, which would cover about half of the estimated cost of the $1-trillion-plus health care legislation.

Posted by Orrin Judd at July 10, 2009 6:49 PM
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