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Thread: Health Bill Extends Wage Tax to Investments

  1. #21
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Erod View Post
    FOXNews.com - Health Bill Extends Wage Tax to Investments



    Someone please tell Obama that this is no way to encourage Americans to take risks with their capital on investing in the United States, and the world for that matter.

    So I had to deal with my 40 percent losses in the market, and now you want to tax my recovery just because I re-diversified to the changed market?

    This isn't government. This is reparations in disguise.
    It's not reparations, saying that makes your argument silly and easy to distort and ridicule.

    Avoid extreme, panicky language and stick to the facts.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Harry Guerrilla View Post
    It's not reparations, saying that makes your argument silly and easy to distort and ridicule.

    Avoid extreme, panicky language and stick to the facts.
    Exactly. It's a substantial backdoor tax increase that deserves to be discussed on its own merit rather than lumped in behind thousands of other issues. That's newsworthy enough on its own.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by RightinNYC View Post
    Exactly. It's a substantial backdoor tax increase that deserves to be discussed on its own merit rather than lumped in behind thousands of other issues. That's newsworthy enough on its own.
    I'm not sure if the tax is immediate but assuming that it is, that would be a poor choice in the midst of an economic recovery.
    Probably better enacted in 6 months to 1 year.

    As much as I hate increases in taxes, no matter which way we cut it, we will have to have them with cuts in spending to make things "better."
    Last edited by Harry Guerrilla; 03-20-10 at 04:50 PM.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Moon View Post
    No, we certainly do not. The government should be finding ways to cut its expenses to get that side of the equation back in line with its revenues, just like individuals and businesses have to do. That it isn't actively and aggressively doing right now that is the height of arrogance and incompetence.
    It needs to be both, really. The problem is during a recession, reducing spending and raising taxes just amplify the problem.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Health Bill Extends Wage Tax to Investments

    1. cbo says its score does not include 53B in administrative costs, cuz it wasn't ASKED for by misrepresenting ms pelosi to score the costs of implementation and oversight

    2. the bill raids social security of 52B intended to shore up THAT bankrupt entitlement, essentially double counted

    3. it accounts 72B of premiums raised thru the class act as offsets, leaving nothing to pay for the coverage of those "invulnerables" forced into the system by the mandate to buy a PRIVATE plan

    4. only SEVEN PERCENT, according to the joint committee on taxation, of americans will qualify for the bankrupt govt's piddly subsidies, which will only cover a PORTION, not all, of the BRAND NEW LEGAL REQUIREMENT to buy aetna

    5. it double counts, according to cbo, 246B, using the same overstretched medicare tax dollars both to finance new programs and to pay existing expenses

    6. it fails to account for, according to cbo, 208B of doc fix

    7. it counts on about a half T "recovered" in the areas of WASTE, FRAUD AND ABUSE---that's a HALF A TRIL in WFA---completely absurd, incredible, ridiculous, insulting to the memory of ted kennedy, even, that he couldn't find something so BIG in all those years of looking...

    8. it raises another half T in new taxes on payroll, providers, investors, targeted industries...

    9. and all of this upside-down-ness is predicated on TEN YEARS OF TAXES vs SIX OF PAYOUTS

    10. the true cost of this immense new entitlement over 10 years of implementation is closer to 2.3T

    11. the entire purpose of this gargantuan makeover has been twisted---originally the president wanted to bend down the cost curve, now he's all about expansion

    12. YOU CAN'T MASSIVELY EXPAND MEDICARE AND MEDICAID AT THE SAME TIME YOU MAKE DRASTIC CUTS TO BOTH ALREADY OVERSTRAINED ENTITLEMENTS

    13. medicare as it is turns RED in 2017

    14. medicare faces THIRTY FOUR TRILLION DOLLARS of UNFUNDED LIABILITY in the out years

    15. the chief actuary of medicare says up to 20% of medicare providers will be forced out of business as a result of this reform due to the expansion of recipients and the huge cuts to funding

    16. already all around the country caregivers are refusing to treat medicare and medicaid enrollees

    17. canada has this problem bigtime, the inability of individuals even to find a doctor who will take them on

    18. if this pig passes pelosi the debate will only get hotter, IT WON'T GO AWAY

    19. the fight in the senate is gonna be epic

    20. the american people are overwhelmingly on the side of NO

    21. congress is receiving ONE HUNDRED THOUSAND PHONE CALLS PER HOUR

    22. the SPIRIT of reconciliation is to REDUCE govt, hence the byrd rule

    23. the LETTER of reconciliation cannot cover mandates on individuals to start paying aetna hundreds of dollars a month

    24. leadership is opening itself to constitutional challenges WHICH ARE ABSOLUTELY 100% CERTAIN TO COME

    25. this mandate on individuals to buy can't fly

    26. this DEEM violates scotus' directives outlined in 1998 when it overturned the line item veto that house and senate legislations must agree 100%, down to each dotted i and crossed t

    27. the present disposition of scotus is gonna be very unfriendly to this DEEM

    28. the DEEM is gonna DAMN the DEMS, domestically, politically

    29. dpforums is strangely, eerily quiet---progressives do not appear pleased

    30. this is a disaster for our economics and our social standings

    31. no wonder everyone around here sounds so sad, all sides

    32. take care, all, enjoy your weekend
    Last edited by The Prof; 03-20-10 at 05:40 PM.

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    Re: Health Bill Extends Wage Tax to Investments

    Prof actually raises several very good points:


    (All via: Checking the Math on Health Care - Opinionator Blog - NYTimes.com )

    First Thoughts on the CBO Score - Business - The Atlantic

    A disturbingly high percentage of the revenues still come from insurance premiums for other programs. About $53 billion of the net deficit reduction is from Social Security taxes collected on the wages people will now be getting in lieu of health care benefits. But since those contributions raise the amount Social Security will eventually have to pay out, the Republicans convincingly argue that this is not true "deficit reduction"; it's just deficit shifting. Ditto the premiums for the new long-term care insurance.
    Gimme Gimmicks: Getting Giddy Over the CBO's Latest Health Care Score - Hit & Run : Reason Magazine

    The score for the Senate bill includes $72 billion in revenues generated by the CLASS act, a federally-backed disability insurance program. But that $72 billion is just premium revenue that will eventually have to be used to pay out benefits. The score counts that revenue anyway, despite the fact that, according to the CBO, it would probably add to the deficit in the long term.
    Five Reasons The CBO Figures Are Phony

    The reconciliation bill will end student loan subsidies to lenders. The C.B.O. says this will save $19.4 billion over the first decade, accounting for virtually all of the $19.8 billion in deficit reduction from the health care reconciliation bill.
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  7. #27
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    Re: Health Bill Extends Wage Tax to Investments

    Obama's socialist health care program may be approved tomorrow by the slime ball dems but it will never pass the stink test in the SCOTUS.... No where in the U.S. Constitution does it say that you have to have health insurance and you can not be forced to buy it...37 states are already filing law suits against Obama Care.....

    Thank God this piece of crap will be thrown out.........
    "God Bless Our Troops in Harms Way."

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    Re: Health Bill Extends Wage Tax to Investments

    passage will INITIATE an entirely new POLITICS of health care

    far uglier, far more damaging to the party

    it's your move, "moderates"

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Navy Pride View Post
    Obama's socialist health care program may be approved tomorrow by the slime ball dems but it will never pass the stink test in the SCOTUS.... No where in the U.S. Constitution does it say that you have to have health insurance and you can not be forced to buy it...37 states are already filing law suits against Obama Care.....

    Thank God this piece of crap will be thrown out.........
    You can post this in more threads but you're still wrong.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  10. #30
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Deuce View Post
    You can post this in more threads but you're still wrong.
    Your clueless.. You have no clue about your daddys socialist Obama care,...I am done with you,,,,,,,,
    "God Bless Our Troops in Harms Way."

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