Baucus: People will be 'wealthier' under new health care act

[thundley4]

President Barack Obama made a campaign promise that he would not raise  taxes on individuals making under $200,000 or couples under $250,000. However, Senator Max Baucus, a Montana Democrat,  made a statement on the floor this week that seems to dispute Mr. Obama’s tax pledge.

“One other point I think that is very important to make is that it's true in certain cases taxes will go up for some Americans who may be making less than $200,000," said Mr. Baucus.

I asked Senator Baucus on Thursday to elaborate further on his statement. “It’s complicated. The wages go up when your health care policies are less expensive,” he said. “Employers will make up the difference often, according to the CBO, with wage increases, and when wages go up, sometimes people pay a little more in taxes, but on a net basis they’re ahead.”

Mr. Baucus disagreed that his statement on the floor showed Mr. Obama broke a campaign promise. He said, “People will be better off as a consequence of this bill. On that basis, they’ll be wealthier and have more income under this bill.”

However, the Senate bill that was signed by the president would mandate new taxes on insurance companies, drug companies, and medical device makers. Furthermore a 40 percent tax on the part of insurance premiums on plans above $8,500 per year for individuals and $23,000 per year for families. According to the Kaiser Family Foundation, this cost for a family goes further than the usual cost of a family insurance plan of $13,375.

The insurance companies will simply pass the new taxes off on to the consumer. It is still mystery as to how this kind of circumstance will make Americans “wealthier.”

Washington Times blogger

When monkeys fly out of my butt.

[JohnnyReb]

Washington Times blogger

When monkeys fly out of my butt.

LOOK! LOOK! Up in the sky. It's a bird. It's a plane.....it's Superbama....crookeder than a rattle snake....sneakier than a rat....able to lie with a straight face....fighting to destroy truth, justice and the American way.





OK, so I'm an old fart for remembering the intro....but Superman was my hero.

[The Village Idiot]

all those new taxes.

all those forced to buy higher priced insurance.


sssooooo much better off.


 

[NHSparky]

Holy crap--was he drinking AGAIN?

[JohnnyReb]

all those new taxes.

all those forced to buy higher priced insurance.


sssooooo much better off.


 

They will really hit the big time when they buy their gummint Chevrolet (cheap Yugo knockoff).

[The Village Idiot]

They will really hit the big time when they buy their gummint Chevrolet (cheap Yugo knockoff).

I really expect to see some shocked DUmmies posting when their rents really do go up.

[thundley4]

They will really hit the big time when they buy their gummint Chevrolet (cheap Yugo knockoff).

You mean this one?


The latest GM concept car, the EN-V or “Electric Networked-Vehicle,” is shown at a launch ceremony at the Shanghai Pudong Expo in China, Wednesday. WSJ

[DefiantSix]

Mr. Baucus disagreed that his statement on the floor showed Mr. Obama broke a campaign promise. He said, “People will be better off as a consequence of this bill. On that basis, they’ll be wealthier and have more income under this bill.”

How stupid does Baucus have to be in order to be as deep in the horseshit as he's dug himself, and still be firm in his belief that there's a pony in there?

[bkg]

Electing people based on their "political" experience rather than their "business" experience is dumb. Hopefully people will start realizing that.

[The Village Idiot]

Electing people based on their "political" experience rather than their "business" experience is dumb. Hopefully people will start realizing that.

Baucus said HCR was about "mal-distribution of wealth"

[Alpha Mare]

The same Baucus who said-

 the health plan will create an “income shift” and a “leveling toward lower-income Americans.”  Americans’ income distribution has been thrown off in recent years, he said. “The wealthy are getting way too wealthy.”

[DumbAss Tanker]

So why would companies raise wages to make up for the increased cost of insurance with 10% unemployment?  It's not like the cost was their doing and if anyone gets pissed off enough to quit over that, filling the job is a total non-problem.

[debk]

I received an email today, from the mortgage lender in my office, regarding FHA loans....



The UFMIP (Up Front Mortgage Insurance Premium) changes from 1.75% to 2.25% goes into effect with case numbers assigned on or after Monday April 5, 2010.  It can take up to three days from the time the lender request the case number, so if the case numbers have not been requested yet then the buyers will more than likely fall under the new UFMIP premium
 


Most first time buyers will get an FHA loan, in many areas, move-up buyers will too.

And so it starts......