Tuesday, May 19, 2009

Paying for ObamaCare

Here's a look at who and what is going to be taxed to pay for ObamaCare.


"The soda pop tax would apply to drinks sweetened with sugar, high-fructose corn syrup or other high-calorie sweeteners. That includes iced tea and noncarbonated drinks like punch. But diet drinks would escape the tax man.

The tax increase on alcoholic drinks would hit beer and wine hardest. Per ounce of alcohol, hard liquor now faces the highest federal tax rate. The Senate option would raise the current tax rate, and then apply the same rate to all types of alcoholic drinks. Small wineries and breweries would get some consideration.

Health insurance provided by employers isn't taxable now, even though it's considered part of overall compensation. Senators are considering several options, including taxing health insurance benefits for individuals making more than $200,000 a year, or $400,000 for a couple. Another would limit the tax-free status of health insurance to the value of the standard plan available to federal employees.

Potential revenue raisers also include doing away with flexible spending accounts, limiting the income tax deduction for out-of-pocket medical costs, and charging upper income seniors more for their Medicare drug plans.

Congress is forging ahead on health care, with no consensus in sight on how to pay."

Oh, come on!

You REALLY didn't expect it to actually be "free", did you?

Notice how, in their infinite wisdom, the Obamanation is considering taxing a dis-incentive against ObamaCare (taking away tax deductions for market-based private sector health insurance)?

Other than that, I could almost support the rest of these funding proposals for selfish reasons.

In recent decades, I have imbibed almost nothing of the beverages mentioned as ObamaCare revenue sources.


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