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Pence was at it again this morning on MSNBC. This time, he claimed that the House health care bill recently scored by the Congressional Budget Office “will literally cost nearly a trillion dollars in higher taxes.” Host Carlos Watson immediately jumped in. “Whoa, whoa, whoa, whoa, whoa, whoa, whoa,” Watson interjected, “unless you’re looking at different data than I’m looking at, I don’t remember there being a trillion dollars in new taxes.” Pence said he was “rounding up,” and then later revised his figure to $800 billion. But Watson wouldn’t budge, and neither would Pence:
Well first we will tax the really really rich, then the really rich then the rich then upper middleclass then middle class then lower middle class.
Then we will raises taxes on any and all products that may or may not be considered contributers to anything unhealthy real and or imagined. You will see that it will all work out in the end.
According to that assessment, enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010–2019 period. Once the proposal was fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an
employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million.
Anyone who thinks that government is capable of creating, enacting, and managing a national entitlement program without the need to ever increase taxes has been living under a rock since 1965.
It amazes me how many people are simply ignorant of history.
"In 1965, Congress enacted the Medicare program, providing for the medical needs of persons aged 65 or older, regardless of income. The 1965 Social Security Amendments also created the Medicaid programs, which provides medical assistance for persons with low incomes and resources.
Of course, the expansions of Social Security and the creation of Medicare and Medicaid required additional tax revenues, and thus the basic payroll tax was repeatedly increased over the years. Between 1949 and 1962 the payroll tax rate climbed steadily from its initial rate of 2 percent to 6 percent. The expansions in 1965 led to further rate increases, with the combined payroll tax rate climbing to 12.3 percent in 1980. Thus, in 31 years the maximum Social Security tax burden rose from a mere $60 in 1949 to $3,175 in 1980.
Despite the increased payroll tax burden, the benefit expansions Congress enacted in previous years led the Social Security program to an acute funding crises in the early 1980s. Eventually, Congress legislated some minor programmatic changes in Social Security benefits, along with an increase in the payroll tax rate to 15.3 percent by 1990. Between 1980 and 1990, the maximum Social Security payroll tax burden more than doubled to $7,849."
Are American's really so naive to think that this new health insurance program will not require tax increases? Those people should be ashamed of themselves for being so gullible (Obamatrons, specifically).
Anyone who thinks that government is capable of creating, enacting, and managing a national entitlement program without the need to ever increase taxes has been living under a rock since 1965.
It amazes me how many people are simply ignorant of history.
LOL, true. The cash for clunkers program was only supposed to cost $1 BILLION! It's already out of money in 4 days.
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