House Democrats: half-trillion tax hike for Obamacare.


(Via Texans for Sarah Palin) But it’s tax hikes for the wealthy (540 billion over 10 years), so that’s all right, right? At least, it’s tax hikes for the wealthy today. And what gets redefined as ‘wealthy’

Key House Democrats decided Friday to raise taxes on the wealthy to help pay for health care legislation, capping an up-and-down week for President Barack Obama’s top domestic priority.

[snip]

Democrats on the tax-writing Ways and Means Committee agreed to a new surtax that would start with households making $350,000 a year and begin in 2011, said the committee’s chairman, Rep. Charles Rangel, D-N.Y.

…well, that’s up to Charlie Rangel.

Have a nice morning!

Moe Lane

Crossposted to Moe Lane.


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6 Comments Leave a comment

If people could declare their income the same way Rangel does

bk (Diary) Monday, September 14th at 7:39AM EST (link)

there’d be no rich people. He’s become a millionaire despite being a “public servant” for the past ~50 years, but he’d have us believe he’s still this poor penniless Harlem kid until he gets busted again and again lying about anything and everything to do with his own money.

New tax revenue stream: Collect from the Dine 'n Dash Dems nt

6eorge Jetson (Diary) Monday, September 14th at 8:01AM EST (link)
 

Spending money

DerKrieger (Diary) Monday, September 14th at 7:45AM EST (link)

…to save money. Nice logic.

How much does that come to per uninsured? 50 billion/15 million.

Again the goal is control and nothing else.

“In questions of power, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution.” – Thomas Jefferson

“I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” – James Madison

Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” — John Locke, 1690

Like we heard last week

bk (Diary) Monday, September 14th at 8:47AM EST (link)

The only way to reduce the deficit is to add a trillion dollars to it.

 
 

Hyper-Inflation

Greg (Diary) Monday, September 14th at 8:16AM EST (link)

Once hyper-inflations kicks, everyone will be pay this tax…

 

Charlie Rangel

ctmommy Monday, September 14th at 9:00AM EST (link)

must be planning to report $349,999 that year.