BBR: Update: Wyden’s Middle Way…Health Care: House Proposes New Payroll Taxes, Value Added Tax, to fund health care bill….

Bumped: Now that CBO scored the Kennedy draft, the Wyden Bennett bill is getting a chance, here is video from 2 months ago and a WSJ piece up TODAY!

Update: WSJ has an excellent interview up with Ron Wyden D-OR, who has what sounds like a FABULOUS proposal that will address many of the issues we have without taxing us to death or rationing our care, please go read it!

…less-radical approaches, like the one Mr. Wyden is co-sponsoring with Utah Republican Bob Bennett. “The country has bailout fatigue,” Mr. Wyden explains. “The Congressional Budget Office said our proposal was budget neutral in the short term and that it would essentially start bending the cost curve downward in the third year.”

…the Wyden-Bennett Healthy Americans Act relies on the private insurance market while imposing a series of regulations to squeeze savings from the private sector. It also requires individuals to buy coverage for themselves, the controversial “individual mandate.” The idea, Mr. Wyden says, is to harness the Democratic desire to get everyone covered to the Republican interest in markets and consumer choice.

..I think the way to go,” Mr. Wyden says, “is with a generous deduction that sends a market-oriented message.” He says that means that, if you shop carefully for your health care, you’re going to get your taxes cut.

The typical family of four spends about $13,000 a year for their health care for the year, he says. In the Healthy Americans plan, they set the deduction at $19,000. “If you get a deduction of between $17,000 and $19,000 for a middle-class family of four . . . [that] now spends $13,000 on health care, we’ve got a chance to give millions of people . . . more money in their wallet because they got a chance to shop in a new system driven by informed choice and financial incentives to make those choices.”

And NO EXEMPTION FOR UNION PLANS!

…And Labor? Unions have every right to bargain for the best possible package, he says. “But nobody, be it a CEO or a labor [union] member ought to be getting what amounts to gold-plated coverage with the tax subsidies paid for by somebody who is a modestly compensated woman at a small business who doesn’t have a health plan.”

Sounds like Wyden and Bennett have a feasible answer to the issue, I am letting my Critters know I support it :0)

And they’re off! Amuck amuck amuck!!

CALL YOUR CRITTERS!

As Rachel once said on Friends, who the hell is FICA and why is he taking all my money?!?!

These are the taxes they told the AP about, imagine what is coming later, good Gawd almighty call your critters.

WSJ:

Also under consideration are higher alcohol taxes, increases to the Medicare payroll tax and a value-added tax, a sort of national sales tax, of up to 1.5% or more….

…The list of options being weighed by the tax-writing House Ways and Means Committee, and obtained Thursday by the Associated Press, aims to raise some $600 billion over 10 years to partially pay for President Barack Obama’s goal of overhauling the nation’s health care system to tame costs and cover the 50 million uninsured.

The final price tag for that effort could top $1 trillion, with cuts to Medicare and Medicaid covering the rest of the cost.

The tax options include:

-Increasing the price of soda and other sugary drinks by 10 cents a can.

-Applying a potential 2% income tax increase to single taxpayers earning more than $200,000 a year and households earning more than $250,000.

-A new employer payroll tax could target 3% of employers’ health care expenditures.

-Taxing employer-provided health insurance benefits above certain levels — a less likely option but one that still is in the running…

..The draft, being released at a news conference of the chairmen of the three committees with jurisdiction — Ways and Means, Energy and Commerce, and Education and Labor — wasn’t expected to mention the potentially unpopular tax options….

They don’t plan to MENTION the ‘un-popular tax options’ at the presser and of course no journOlist plans to ASK about the new taxes Betcha! CALL CALL CALL! However you feel about it, be heard!

And if you are or know and love a Senior, call call call on the Medicare cuts they are proposing to shift health care to the uninsured! They are trying to insert MORE cuts, OVER AND ABOVE THE 600 Billion in cuts! Big Dawg VETOED this!!!

WSJ:

…In a meeting Wednesday, Mr. Baucus suggested that Congress set a cost-cutting goal for Medicare — for instance, a 1.5% annual reduction from projected spending, Senate aides said. To meet it, the Medicare Payment Advisory Commission, or MedPAC, would suggest policy changes to meet that goal. Congress could then approve or reject the entire package, bolstering its chances.

The provision wouldn’t replace other spending cuts being considered, including more than $600 billion over 10 years proposed by the White House. Instead, it would serve as a backup in case these or other Medicare cost-cutting measures fail to materialize.

Congress passed a similar Medicare cost-cutting trigger in 1995, but then-President Bill Clinton vetoed it. Many industry groups oppose the approach, saying it is too blunt…

Yeah it is sort of blunt to GUT Medicare to fund this, frakkers….they want to INCREASE our Medicare payroll taxes while they DECREASE our Medicare benefits! Uhmmm no..

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June 19, 2009. Tags: , , , , , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics, Taxes, Uncategorized, Unemployment Statistics, Wall St.

6 Comments

  1. Sunday Chatter: Kent Conrad (D-ND) and Sebelius both back off public option: the Federally funded co-op is now the term of choice…(and with Federal Funds it will still kill private insurance) « Moderate in the Middle replied:

    […] would be simple were they not trying to Trojan Horse a single payer plan through wouldn’t it? Wyden-Bennett would work….but NO CO-OP GOVT PLAN BY ANOTHER […]

    Like

  2. Health Insurance Update: Kent Conrad on his Compromise Plan… « Moderate in the Middle replied:

    […] vote for a public option, let them know how you feel before the votes go down….MiM is supporting the Wyden-Bennett plan… Conrad has a lot to do with the purse strings so he is worth watching as health care debate […]

    Like

  3. TOTUS Time: Didn’t he promise us a Rose Garden? The media certainly did… « Moderate in the Middle replied:

    […] PS Call your Critters on the health care plan!!!! That CBS poll was designed to make them feel like tey had cover to vote for a public option, let them know how you feel before the votes go down….MiM is supporting the Wyden-Bennett plan… […]

    Like

  4. TOTUS Time: Didn’t he promise us a Rose Garden? The media certainly did, TOTUS said the oceans tide would roll back etc etc..wha’ happened? « Moderate in the Middle replied:

    […] PS Call your Critters on the health care plan!!!! That CBS poll was designed to make them feel like tey had cover to vote for a public option, let them know how you feel before the votes go down….MiM is supporting the Wyden-Bennett plan… […]

    Like

  5. Health Care Update: AARP tosses Seniors unda da bus, ignores 600b in proposed Medicare cuts to pat Team TOTUS on the back for RX deal… « Moderate in the Middle replied:

    […] YOUR CRITTERS. At MiM we support the Wyden-Bennett plan which will give vouchers to the poor and get them OFF Medicaid. If you are watching state budget […]

    Like

  6. Health Care Update: AARP tosses Senior unda da bus, ignores 600b in proposed Medicare cuts to pat Team TOTUS on the back for RX deal… « Moderate in the Middle replied:

    […] YOUR CRITTERS. At MiM we support the Wyden-Bennett plan which will give vouchers to the poor and get them OFF Medicaid. If you are watching state budget […]

    Like

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