Friday, November 20, 2009

Taxes on Reid's Insurance Bill

If you like to pay taxes, you will love the new health "reform" bill being pushed by Senate Leader Harry Reid. Just take a look at the document prepared by Americans for Tax Reform. Click here

If you don't want to have medical insurance below is the penalty you will face. I just wonder under the Constitution how you can force a person to buy medical insurance if he or she does not want it.

Other tax savings result from taxpayers no longer being allowed to use Flexible Savings Accounts to pay for non-prescription medications such as aspirin, Tylenol, etc.

Other hidden taxes are placed on drug companies, medical device manufacturers, and health insurance companies. In other words, Reid thinks total costs will go down despite the fact that he is trying to impose taxes on those who provide or insure health care. I guess Reid also believes in Santa Claus and thinks these companies will pay these taxes without passing them on to the consumers.

Also, the ability to take itemized medical deductions would be increased to that in excess of 10% of adjusted gross income.

There is also a 5% tax on elective cosmetic surgery. I wonder how the Botox Queen, Nancy Pelosi, will react to that.

Reid claims that the bill would reduce the federal deficit but to accomplish this we would have all of the above taxes go into effect - plus there would have to be a 23% reduction in fees paid to doctors and medical care - something that has never happened in the past.
Submitted by James J. Pirretti

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1 comment:

Moishe Britton said...

Shockingly, more than half of the Obama/Reid/Pelosi bill has nothing to do with making insurance better or more affordable. Instead, in these pages, billions of dollars are diverted to the creation of new urban welfare and diversity programs with vague standards of accountability.