The American Spectator : The Spectacle Blog : The Baucus Middle Class Tax Hike

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The Spectacle Blog

The Baucus Middle Class Tax Hike

By Philip Klein on 9.8.09 @ 5:33PM

Among the many new taxes proposed by Max Baucus's health care proposal is a mandate requiring that individuals purchase health insurance. While his proposal would provide sliding scale subsidies to lower-income Americans, those subsidies would cap out at 300 percent of the federal poverty level. What the Baucus proposal means in real terms is that a family of four with a household income above $66,150 would face a tax of $3,800 if they do not obtain health care, while an individual with income above $32,490 would face a tax of $950.

View all comments (5) | Leave a comment

martin j smith| 9.9.09 @ 8:06AM

Now I am almost 100% certain that the independents and moderates who voted for Obama are thrilled to hear about this.

2Anglico| 9.9.09 @ 10:25AM

And I heard some newsguy describe Baucus as a "moderate"! What a joke.

killua| 3.1.11 @ 2:38AM

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