Posts Tagged ‘taxes on the middle class’

April 15, 2010

Heritage Research

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Obamacare: Impact on Taxpayers

The new taxes that have already or will soon take effect as a result of the Patient Protection and Affordable Care Act may not all show up in the income tax tables, but their cost will become apparent in lost wages and international competitiveness, which will reduce middle- and low-income families’ wages just as surely as an income tax hike would. These taxes break President Barack Obama’s promise not to raise taxes on families making less than $250,000 per year.  To learn more, click here.

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March 25, 2010

Health Care News

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A Guide to the Senate Vote-o-Rama: Part One

Senator Harry Reid (D-NV)

The Senate’s health care bill became law earlier this week, but that does not mean the fight against a government overhaul of our nation’s health system is over. This week, the Senate will consider amendments to the reconciliation bill passed by the House alongside the Senate health bill, H.R. 3590. This process will provide a chance to ameliorate the numerous shortcomings of the passed legislation, and will provide Americans with a glimpse at the true intentions of their elected officials as they are forced to take a stance on difficult questions regarding changes to the bill. Here, we outline some of the amendments put forth and the Senate’s verdict:

Protecting Medicare Savings. Senator Judd Gregg (R-NH) offered an amendment to protect new savings from Medicare from being used to fund new entitlements. The passed legislation and the reconciliation package would create a combined $529 billion in cuts to Medicare spending over ten years. Lawmakers claim these cuts will be applied to increase the program’s solvency, which will otherwise cause $38 trillion in unfunded liabilities to the taxpayers. (more…)

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