WASHINGTON -- House Democrats scrambling for ways to pay for overhauling health care would raise taxes on the wealthiest Americans to levels not seen since the 1980s, breaking one of President Barack Obama's campaign pledges.
....The plan would honor Obama's campaign promise not to raise taxes on families making less than $250,000. But it would break an Obama pledge that no one -- including the wealthy -- would pay higher taxes than they did in the 1990s. The pledge, as listed on Obama's campaign Web site, was: "No family will pay higher tax rates than they would have paid in the 1990s."
Democrats argue that high-income families fared well under President George W. Bush's two terms as their taxes dropped and their incomes soared, giving them the ability to absorb higher taxes. Republicans argue that the tax increases would hurt small business owners who typically pay their business taxes on their individual returns.
Rep. Charles Rangel, chairman of tax-writing House Ways and Means Committee, called the plan "the moral thing to do."
"This innovative bill provides a uniquely American solution to control costs and put patients first without burdening future generations with debt," the New York Democrat said.
Legally steal from the rich to give to the poor. Make the rich pay for the increased costs of the health system. This works because the poor are envious, and feel entitled to their entitlements. Can you say you have not felt envious when you see someone driving a Lexus? How about driving through an upper class neighbourhood and seeing those huge houses with pools and tennis courts? Don't you feel jealous? Don't you want to be those people, live in their houses and not have to worry about money anymore? Have you ever bought a lottery ticket hoping to win those millions? We have all done that at one time or other.
The problem is that you need to work for those "things". No-one has the "right" to a house, or a job. You want to earn $350,000 a year, get an education and work for it. You want "free" health care, be prepared to pay extra taxes. The problem is that taking from the rich is not "the moral thing to do". What is moral about taking from the people who are productive and giving it to the non-productive. We have heard about the brain drain, this is going to cause a tax drain. Those with money are going to hide it off shore, and/or move to greener pastures.
Currently, the top marginal income tax rate is 35 percent. Obama wants to let some tax cuts enacted under Bush expire, boosting the top rate to 39.6 percent in 2011. The new health care taxes would increase the top rate to 45 percent.
House Republican leader John Boehner, R-Ohio, called the bill a job killer that would result in rationed care, fewer choices for patients and diminished quality.
Think about paying 45% in marginal income tax, then add in all the other taxes like property taxes. The poor can not move, the rich can and they will. Socialism tries to make all people suffer equally. It is based on envy and greed. Socialism punishes achievers, and the independently minded people who have ideas and start companies. Unions are a prime example. They want to take from the rich corporations and give to themselves. Socialism kills societies.
Robin Hood, in this day and age, would not be a hero, he would be a manipulator who whats you to think that everyone has the right to take what was never yours.