"95% of taxpayers will see no increase in their taxes and will actually get a reduction in the form of a rebate" said Obama the Candidate over and over again. The big lie repeated often enough becomes the truth in many peoples minds..
Now, in order to pay for Obamacare and other massive deficit spending programs, the Democrats and Obama the president are proposing:
1. eliminate the income tax deduction on medical expenses (already restricted to expenses over 7.5% of income)
2. institute an income tax surcharge of 2%
3. tax employer provided health insurance (McCain's proposal vigorously attacked by Obama the Candidate)
4. tax soft drinks containing sugar
5. tax fatty fast foods
6. raise the tax on alcohol
7. raise the tax on cigarettes (maybe a good thing)
8. have a national sales tax as in Europe called "value added tax" or "VAT"
9. and, the biggest sneaky tax of all is to institute a "cap and trade" tax on carbon based fuels.
Those 35 to 40% of Americans who don't pay any income tax today may not be impacted by the first two items, unless they have big medical expenses that lead to no taxes.
BUT everyone, no matter what income bracket, will be hit by the other taxes, particularly the VAT and the "cap and trade". The "cap and trade" will lead to a 50% to 100% increase in the cost of home heating and air conditioning and in gasoline and will add to the cost of every item one purchases since energy is used in all manufacturing and transportation of goods.
For all of this, you will get a "government option" health insurance which will use taxpayer money to eventually push out all private health insurance companies leaving government run socialized medicine as the only survivor.
For all of this, Obama has already made it clear that a $300 billion decrease in Medicare costs are necessary including cuts in such items as: availability of MRI and CAT scans, availability of expensive antibiotics, limitations on joint replacement surgery after a certain age (just suffer with what you have), and reductions in allowed treatment of chronic back pain.
THIS IS CHANGE YOU CAN BELIEVE IN!
Friday, June 19, 2009
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