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Thursday, July 9, 2009

TAX the RICH - PAY FOR HEALTH CARE!!!!

WASHINGTON -- An income tax surcharge on highly paid Americans emerged as the leading option Wednesday night as House Democrats sought ways to pay for health care legislation that President Obama favors, several officials said.

As discussed in the tax-writing House Ways and Means Committee, the surtax would apply to individuals with adjusted gross income of more than $200,000 and couples over $250,000, they added.

In addition, key lawmakers are expected to call for a tax or fee equal to a percentage of a worker's salary on employers who do not offer health benefits.

Rep. Shelley Berkley, D-Nev., a member of the panel, said the proposed surtax on high-income taxpayers appealed to her and others as a way to avoid a "nickel-and-dime" approach involving numerous smaller tax increases. She added that other earlier options had fallen away, including an increase in the payroll tax.

Berkley and others cautioned that no final decisions have been made, either by the tax-writing committee or by the Democratic leadership, which hopes to have legislation drafted by Friday and through the House by month's end.

Aside from Berkley, other officials discussed the private discussions only on condition of anonymity.

The developments stood in contrast to the Senate, where Democrats edged away from their goal of passing ambitious health care legislation by early August amid heightening partisan controversy over tax increases and a proposed new government role in providing insurance to consumers.

"I think the ultimate goal is to have a bill by the end of this year" that is signed into law by the president, Sen. Chuck Schumer, D-N.Y., said in an interview with The Associated Press. He said Democrats would make "every effort to stick to the timetable" that included initial Senate action by August. - FOX News Story

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