Saturday, November 21, 2009

Random Thoughts on Vampires Old and Young

Is it just me, or is the following some sort of cosmic alignment?

On the same weekend when a silly teenage vampire flick pulls in $72 million, the bloodsuckers in the Senate are moving forward to drain the life out of every taxpayer in America... and make us pay for the transfusion.

Think I'm exaggerating? Here are a few of the taxes proposed to pay for the so-called health care reform bill about to enter debate.
[This list includes taxes in the bill passed by the House of Representatives, the bill the Senate is currently debating, and other taxes mentioned as a possible way to pay for health care reform.]

    An income surtax on taxpayers earning more than $500,000 a year,[1]

    An excise tax on high-cost “Cadillac” health insurance plans that cost more than $8,500 a year for individuals or $21,000 for families,[2]

    An excise tax on medical devices such as wheelchairs, breast pumps, and syringes used by diabetics for insulin injections,[3]

    A cap on the exclusion of employer-provided health insurance without offsetting tax cuts,[4]

    A limit on itemized deductions for taxpayers with a top income tax rate greater than 28 percent,[5]

    A windfall profits tax on health insurance companies,[6]

    A value-added tax, which would tax the value added to a product at each stage of production,[7]

    An increase in the Medicare portion of the payroll tax to 3.4 percent for incomes great than $200,000 a year ($250,000 for married filers),[8]

    An excise tax on sugar-sweetened beverages including non-diet soda and sports drinks,[9]

    Higher taxes on alcoholic beverages including beer, wine, and spirits,[10]

    A tax on individuals without acceptable health care coverage of up to 2.5 percent of their adjusted gross income,[11]

    A limit on contributions to health savings accounts,[12]

    An 8 percent tax on all wages paid by employers that do not provide their employees health insurance that satisfies the requirements defined by the Secretary of Health and Human Services,[13]

    A limit on contributions to flexible spending arrangements,[14]

    Elimination of the deduction for expenses associated with Medicare Part D subsidies,[15]

    An increase in taxes on international businesses,[16]

    Elimination of the tax credits paper companies take for biofuels they create in their production process–the so-called “Black Liquor credit,”[17]

    Fees on insured and self-insured health plans,[18]

    A limit or repeal of the itemized deduction for medical expenses,[19]

    A limit on the Qualified Medical Expense definition,[20]

    An increase in the payroll taxes on students,[21]

    An extension of the Medicare payroll tax to all state and local government employees,[22]

    An increase in taxes on hospitals,[23]

    An increase in the estate tax,[24]

    Increased efforts to close the mythical “tax gap,”[25]

    A 5 percent tax on cosmetic surgery and similar procedures such as Botox treatments, tummy tucks, and face lifts,[26]

    A tax on drug companies,[27]

    An increase in the corporate tax on providers of health insurance,[28] and

    A $500,000 deduction limitation for the compensation paid by health insurance companies to their officers, employees, and directors.[29]

James Madison would simply not recognize his country now. But, then, given that there's more fantasy in Congress than Twilight today, who could blame him?

Wait 'til the fools in D.C. find out what kind of demons they're about to unleash. They'll be subsidizing garlic farmers to the tune of an ethanol-sized bill.

1 comment:

Ted Amadeus said...

Needless to say, nobody's talking about common sense expense reductions like refusing/limiting payment for treatment to purely-behaviour-caused situations: The motorcycle rider who refused to wear a helmet, the sodomite with AIDS, the drunkard with liver sclerosis, &c.
We'll get to foot the bill for everyone's freaking stupidity...Nice touch.