How to pay for the democRATS health care bill – surtaxes

From Fox Business News:

WASHINGTON–The healthcare overhaul proposal offered Tuesday by U.S. House of Representatives’ Democrats will include an extra 5.4% tax on those earning more than $1 million.

One congressional aide said that would bring the top tax rate for the wealthy to 45%.

An additional tax of 1% would be levied on those couples earning more than $350,000. Those with $500,000 incomes would pay an extra 1.5%, according to the legislative documents. Increases could be triggered in 2013 to 2.0% and 3.0%, respectively. The millionaires’ tax would remain at 5.4%, according to legislative documents.

The House Ways and Means Committee has scheduled debate and votes are due begin Thursday.


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July 14, 2009 · Filed Under General Politics

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2 Responses to “How to pay for the democRATS health care bill – surtaxes”

  1. Billions, Trillions, and More: CBO Releases Appalling Dollar Amount for Crappy ObamaCare « Frugal Café Blog Zone on July 14th, 2009 5:46 pm

    [...] Big Hollywood: Must-See Undercover Exposé of Socialized Healthcare! Fire Andrea Mitchell!: How to pay for the democRATS health care bill – surtaxes Reuters: Republicans plan rival healthcare plan The Daley Gator: Oh goody health care hijacking [...]

  2. ObamaCare: War on the Middle Class… Buy Health Insurance or Pay More Taxes « Frugal Café Blog Zone on July 15th, 2009 7:25 am

    [...] Big Hollywood: Must-See Undercover Exposé of Socialized Healthcare! Fire Andrea Mitchell!: How to pay for the democRATS health care bill – surtaxes Patriot Burr: ObamaCare Not Dead Reuters: Republicans plan rival healthcare plan The Daley Gator: [...]

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