Wednesday, October 7, 2009

Senate Health Bill Imposes $29B More in Taxes

WASHINGTON -- California Gov. Arnold Schwarzenegger praised President Barack Obama's drive to overhaul the nation's health care system on Tuesday and urged fellow Republicans to join in efforts to finish the job this year.
The new Republican support for Obama's top domestic priority came as a potential setback emerged for Senate health legislation: Congressional tax experts reported that the bill would impose $29 billion more in taxes on health care industries than originally thought -- levies that could be passed on to consumers in the form of higher premiums.

By placing more taxes on corporations, the consumer will ultimately have to pay more for the goods and services that being taxed. When you get right down to it, you will either pay the government for health care or government via increased prices by corporations who are being taxed.
In either case, the government will get its money and the those in elected office can say without hesitation, "I didn't raise taxes on the consumers."

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