Economy Alarm: Democrats’ Small Business Tax Delivers Sucker Punch to Economic Recovery
Healthcare Tax Threatens Livelihood of Middle-Class Families and Millions of American Jobs
Dems Claim Healthcare Legislation Will be Beneficial to the Middle Class
“To the extent that we can squeeze more out of the system for savings reduces the need for the (costs), but it will be at the high end, and not touch the middle class,” Pelosi said. “We’re trying to squeeze all the savings that we can out of this system first. And, rightfully so, many members in our caucus, including Blue Dogs, wants us to do that, and we share that view.” (James Rosen and Chad Pergram, Pelosi Predicts Health Care Package Can Pass By August Recess, Fox News, 7/13/09)
Credibility Crash: Dems Deliver Sucker Punch to Small Businesses with Tax Scheme That Will Put Even More Middle-Class Americans Out of Work
Democrats in the House of Representatives unveiled a 1,000-page-plus health care-overhaul bill Tuesday that would levy a surtax on the wealthy in a bid to pay for the program without adding to the national debt.
The bill, which House committees will debate this week, would create a government program to compete with private insurance companies and would mandate coverage for all. House Democratic leaders wouldn’t put a precise price tag on their plan nor say how they were going to pay for all of it.
One way that the tax-writing House Ways and Means Committee proposed: a surtax on wealthy Americans, individuals who earn $280,000 and up and couples who make $350,000 or more. The surtax would start at 1%, rise to 1.5% on those with incomes of more than $500,000 and increase to 5.4% on incomes of more than $1 million.
The surtax — on top of current income-tax rates — would raise around $550 billion over 10 years. In addition, almost as much would come from spending reductions in Medicare and Medicaid.
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“During a deep economic recession, it is criminal malpractice for Democrats to push a government takeover of health care and a new small-business tax that will destroy more American jobs,” House Minority Leader John Boehner, R-Ohio, said in a statement.
To read the full article, click here http://www.freep.com/article/20090715/NEWS15/90714099/House-Democrats-propose-surtax-on-rich-to-pay-for-health-care-
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