Thursday, July 30, 2009

Pelosi and company tax schemes exposed on health care

Very few people have paid attention to Nancy Pelosi's payroll tax on small businesses with ObamaCare. Over and over again we have been promised by Obama that no one making less than $180,000 a year as a single or a couple making more than $250,000 a year would see a tax increase. However, ObamaCare does exactly this. Obama continues to say that he will not sign the bill if the tax increase is in the bill.

I say baloney. This is the same man that promised he would not sign any bills with pork added and he the tune on 9000 earmarks.

This is the same party that chucked "PayGo" as soon as the people stopped paying attention.


Even many Democrats are revolting against Speaker Nancy Pelosi’s 5.4% income surtax to finance ObamaCare, but another tax in her House bill isn’t getting enough attention. To wit, the up to 10-percentage point payroll tax increase on workers and businesses that don’t provide health insurance. This should put to rest the illusion that no one making more than $250,000 in income will pay higher taxes.

To understand why, consider how the Pelosi jobs tax works. Under the House bill, firms with employee payroll of above $250,000 without a company health plan would pay a tax starting at 2% of wages per employee. That rate would quickly rise to 8% on firms with total payroll of $400,000 or more. A tax credit would help very small businesses adjust to the new costs, but even a firm with a handful of workers is likely to be subject to this payroll levy. As we went to press, Blue Dogs were taking credit for pushing those payroll amounts up to $500,000 and $750,0000, but those are still small employers.

ObamaCare either raises taxes by astronomical amounts or our country's deficit increases by astronomical amounts.

That is the reality of ObamaCare. Period. End of Story. Any argument, whether from the President or any other liberal attempting to tell you otherwise is covering the truth.

Don't buy it!

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