Thursday, July 30, 2009

The Pelosi Payroll Tax; UPDATE:Demo says even they don't understand the bill

The Wall Street Journal today points out that there is more than one tax in the proposed health care reform bill.

Its an up to 10% payroll tax on workers whose employers don't provide health insurance. Now it is in the bill as a tax on employers, but it is no secret that such taxes will result in lower pay and benefits for the workers.

"To put this in actual dollars, a worker earning, say, $70,000 a year could lose some $5,600 in take home pay to cover the costs of ObamaCare. And, by the way, this is in addition to the 2.5% tax that the individual worker would have to pay on gross income, if he doesn’t buy the high-priced health insurance that the government will mandate. In sum, that’s a near 10-percentage point tax on wages and salaries on top of the 15% that already hits workers to finance Medicare and Social Security."

This is just one of the things that would not be discussed if the bill had been hurried through like she tried to do.

The four Blue Dogs who caved in yesterday at least give us some time to carefully go through this bill, something we were not able to do with the cap and trade bill.

It will be interesting to discover what else is hidden in the legislation.

Isn't it nice to have such open and transparent processes in the Democrat Congress?

Criminal, at best.

UPDATE: According to Politico, even Democrats in Congress don't understand the health care reform:

"A Democratic lawmaker, Rep. Collin Peterson of Minnesota, agrees. “The members don’t even understand what’s in it,” he confessed of the legislation. As for his constituents? They are “not exactly sure what this is about, and they’re not really sure whether they like it or not.” "

What does that say about them and their haste to rush it through? Transparency? Hope and change? Tyranny of the majority?

1 comment:

Anonymous said...

Hey, Peterson!! very few people can understand the health care bill. Why don't we just scrap it???
-------Goose