- Infowars - http://www.infowars.com -
Dem Senator Warns of ‘Big, Big Tax’ on Middle Class in Baucus Bill
Posted By admin On September 16, 2009 @ 2:33 pm In Old Infowars Posts Style,Washington Politics | Comments Disabled
September 16, 2009
[efoods]It’s not every day that you hear a Democratic senator charge that a fellow Democrat is proposing to raise taxes on the middle class, but that is what happened on Tuesday when Sen. Jay Rockefeller, D-W.Va., ripped into the health-care bill developed by Sen. Max Baucus, D-Mt., the chairman of the Senate Finance Committee.
The Baucus proposal would impose, starting in 2013, a 35 percent excise tax on insurance companies for “high-cost plans” — defined as those above $8,000 for individuals and $21,000 for family plans.
Health economists believe a tax on high-priced benefits could help slow the growth of health costs by making consumers more sensitive to prices.
The tax contemplated by Baucus is also a big revenue raiser. It is expected to raise $200 billion, money that Baucus is hoping to use to pay for subsidies for the uninsured.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/dem-senator-warns-of-big-big-tax-on-middle-class-in-baucus-bill/
Copyright © 2013 Infowars. All rights reserved.