So besides the “sun tan” tax I mentioned in a post here, how is the government going to pay for healthcare reform?
From the same people who want to fine you for underinflated tires and ban black cars to save the environment comes the following…
According to the government, 82% of the revenue needed will come from higher income taxes from YOU because all of YOU are going to get a raise from your employers. According to our government, your employer, being forced by the government to offer less expensive healthcare plans to you will save them so much money that they will take that saved money and give it back to you in the form of a pay raise!
What a joke. Nobody can seriously believe that will happen.
Here’s the detail (highlights are mine)…
“We all remember learning in school about the suspension of disbelief. This part of the Senate’s health benefits taxation scheme requires a monumental suspension of disbelief. According to the Joint Committee on Taxation, less than 18 percent of the revenue will come from the tax itself. The rest of the $150 billion, more than 82 percent of it, will come from the income taxes paid by workers who have been given pay raises by employers who will have voluntarily handed over the money they saved by offering their employees less valuable health insurance plans.
Can you believe it?
I asked Richard Trumka, president of the AFL-CIO, about this. (Labor unions are outraged at the very thought of a health benefits tax.) I had to wait for him to stop laughing to get his answer. “If you believe that,” he said, “I have some oceanfront property in southwestern Pennsylvania that I will sell you at a great price.”
A survey of business executives by Mercer, a human resources consulting firm, found that only 16 percent of respondents said they would convert the savings from a reduction in health benefits into higher wages for employees. Yet proponents of the tax are holding steadfast to the belief that nearly all would do so.
“In the real world, companies cut costs and they pocket the money,” said Larry Cohen, president of the Communications Workers of America and a leader of the opposition to the tax. “Executives tell the shareholders: ‘Hey, higher profits without any revenue growth. Great!’ “
The tax on health benefits is being sold to the public dishonestly as something that will affect only the rich, and it makes a mockery of President Barack Obama’s repeated pledge that if you like the health coverage you have now, you can keep it.”
Categories: Healthcare Reform