Big Mother
Obama admin eyes new taxes on economy-driving businesses, investing classes to pay for socialized medicine. Fox:
WASHINGTON — The Obama administration will propose $60 billion in new tax increases over 10 years on wealthy estates, businesses and others to make up for shortfalls in its fund to pay for an expensive overhaul of the health-care system.
The measures go beyond plans the White House has announced in the past few weeks. Officials said that upon further analysis they realized that they had overestimated savings and tax increases proposed in February to help pay the bill.
The full proposals will come Monday when the White House releases a detailed analysis of its budget blueprint. Administration officials described the new proposals not as tax increases, but as eliminating “tax loopholes.”
Mother … what Rahm said!
How to pay for a health-care overhaul estimated to cost more than a trillion dollars over a decade is one of the trickiest questions facing the administration and Congress. The White House has proposed a combination of health-care spending cuts and tax increases.
Momma, don’t let your babies grow up to be socialists!
Malkin, not unrelated, Battered Hedge Fund Manager’s Syndrome.
Topics: Obama, medicine, taxes
Posted by Jules Crittenden at 8:13 am on Sunday, May 10, 2009
One Response to “Big Mother”
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May 11th, 2009 at 4:17 pm
A trillion dollars a decade my ass.
If it’s this hard to cover their lowball estimates, imagine how bad it will be when the real bills come due?