David M. Dickson
The Washington Times
March 25, 2010
- A d v e r t i s e m e n t
When it comes to the taxes associated with the new health care bill, Vice President Joseph R. Biden Jr.’s assessment stands: It’s a big — very big — deal.
The historic overhaul of the nation’s health care system that President Obama signed Tuesday, when combined with the fixes making their way through Congress, will raise taxes over the next 10 years by more than a half-trillion dollars.
The tax increases range from hundreds of billions of dollars in new Medicare levies, including one that taxes investment income such as capital gains and dividends for the first time, to a 10 percent excise tax on indoor tanning services that will raise less than $3 billion over the next decade.