Wednesday, July 15, 2009

Looks like Gov't Healthcare is Coming our Way

Looks like the House and Senate are going to try and rush through a National Health Care bill in the next couple of weeks as President Obama hoped. The plan will be paid for by, wait for it... taxes on the wealthy (who saw that one coming). Increased taxes start at one percent for those making $280,000 a year and the percentage will go up to 5.4% for those making $1 million a year. This will only pay for about half of the plan. They plan to come up with the rest of the money with the windfall savings this plan will bring, and if for some reason that doesn't happen (which I mean we all know will never happen because every government plan works perfectly) they will double the tax increases in 2012. I am wondering when exactly it is that we started punishing success in this country but if I had to guess I would say probably sometime around FDR's presidency. One of the hardest hit by this setup will be small business and the people they will not be able to afford to hire. It is kinda of like Obama told Joe the Plumber "It's not that I want to punish your success. I just want to make sure that everybody that is behind you, that they have a chance for success too." The only problem President Obama is that you will eventually run out of rich people to take money from.

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