It looks as though Barack Obama’s pledge not to raise taxes on families making less than $250,000 a year will be getting a re-do. The Associated Press is reporting that while House Democrats want to raise income taxes on high-income individuals to help pay for health insurance for the poor, President Obama wants to instead place a tax on so called “Cadillac” health care plans.
What exactly constitutes a Cadillac health care plan?
This means that if you elect to have no health insurance, you will be fined a percentage of your income, while if your health insurance is deemed too good, you will be taxed on what your health insurance plan is worth.
Things would be so much easy if President Obama simply kept his word. He campaigned on not raising taxes for those making less than $250,000 a year. I for one believed him when he said it. I’m tired of having Presidents that lie to the American people. I thought Barack Obama was different. I thought he represented a change from what we have had before.
I guess I was wrong.
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This does smell awful bad… I can only hope that somebody with a spine finds a way to head off the parts of this “initiative” that are just flat out idiotic.
I wonder what Sebellius thinx of this. It kinda makes me wonder if the local witchdoctor in every prehistoric village serving our ancestors was a better deal. Sometimes I wonder if they delivered better healthcare……you’d have had to pay them in chickens, though.