Congress is groping for ways to finance this thing and every day they come up with a swell new idea. One day it is a tax on soda pop, the next day it is botox, next a VAT tax on everyone, and then a “surtax on the rich,” and so on.
They don’t want to limit the exclusion for high cost insurance coverage because Labor likes that high-cost insurance coverage. Politico reports that, “White House officials are embracing a plan to tax “gold-plated, Cadillac” insurance policies, giving momentum to an idea that is receiving bipartisan consideration on Capitol Hill.”
This is the nifty new idea Sen. John Kerrey came up with – instead of making insurance coverage taxable income for the people who get it, we’ll tax the insurance company itself if they sell a “gold-plated health plan.”
Apparently, no one stops to think, “let’s see now, if we tax the insurance company, where will it get the money to pay it? Oh, by raising the cost of the coverage to the employer! But if the employer pays more for the coverage where will it get the money from? Oh, by lowering workers’ wages! So, who ends up paying for it after all this smoke and mirrors? Who else? The very same workers we were trying to help.”
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?