Senate Dems Mull VAT, Payroll Tax Hike To Pay for Health Care - The American Spectator | USA News and Politics
Senate Dems Mull VAT, Payroll Tax Hike To Pay for Health Care
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Ezra Klein, citing a Senate source, offers “an insider’s look” at the options the Senate Finance committee is considering to pay for health care. Among the options he names are “an increase of 0.3 percent on the employer and employee Medicare tax” to raise $275 billion over 10 years and, “a 5 percent value-added tax that exempts food, housing, and medical care,” that would represent a $1 trillion tax hike over 10 years.

So, taken together, this means that during the worst economic crisis in decades, Democrats are considering raising taxes on consumption and employment.

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