Keep Your Pocket Book Open. The House ways and means committee will find the means with the so called rich. Those Americans who make $280,000 or more. Most of which own the small business in America and provide employment to millions of people. The new way of Representative Charles B. Rangel of New York is to pay for health care through people who provide health care to their own employees. Don’t beleive it will stop there. The $550 Billion is just the down payment on the program thus, the additional funds will come from somewhere and that somewhere will come from fees and taxes on production in America making American products more costly. This type of economics has been tried before and has failed dismially. But Americans think that just because the party in office has changed that government spending seems alright following a high spending Republican President and Congress over the prior four years.
WASHINGTON — House Democrats will ask the wealthiest Americans to help pay for overhauling the health care system with a $550 billion income tax increase, the chairman of the tax-writing Ways and Means Committee said Friday.
The proposal calls for a surtax on individuals earning at least $280,000 in adjusted gross income and couples earning more than $350,000, said the chairman, Representative Charles B. Rangel of New York
Source: nytimes.com
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