November 19, 2009

THE PARTY OF TAX AND SPEND:

HarryCare is a Rotten Deal (Philip Klein, 11.19.09, American Spectator)

To pay for the bill, Reid would impose $371.9 billion of new taxes over 10 years, including $67 billion on health insurers; $23 billion in on drug companies; and $20 billion on medical device makers. All of these taxes are likely to be passed directly on to consumers in the former of higher health care costs.

In addition, the bill would tax employer health care plans that cost more than $8,500 for individuals and $23,000 for families. And, during a time of double-digit unemployment, it would hike payroll taxes by 0.5 percent on individuals earning more than $200,000 or couples making $250,000.

Posted by Orrin Judd at November 19, 2009 7:30 PM
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