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House Democrats: half-trillion tax hike for Obamacare.

By: Moe Lane (Diary)  |  September 14th, 2009 at 07:30 AM  | 

RESIZE: AAA

(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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  • bk

    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.

  • http://charlemagne-the-hammer.blogspot.com/ DerKrieger

    …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.

  • 6eorge Jetson

    .

  • itdiehard

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

  • bk

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

  • ctmommy

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