Read my lips: here comes the new tax
And now it is the households earning less than $250,000 that will bear the brunt of obama's antireform, and, which is more, this tax will be REGRESSIVE since the penalty for failure to buy overpriced insurance, though the SAME in nominal terms, will grow as a PERCENTAGE of your income as you go down the income ladder. A good wake-up call for those less-than-bright orphans and widows who still see the Illinois demagogue as their best friend.
"The panel voted 12-11 to reject what Chairman Max Baucus warned was a “killer amendment” by Idaho Republican Mike Crapo to shield households earning less than $250,000 annually from at least three levies contained in the bill, including a penalty for people who fail to obtain insurance.
“There are going to be a lot of people whose taxes are increased by this legislation,” said Crapo. He said the bill’s price tag -- an estimated $900 billion over 10 years -- should be reduced instead.
The partisan tussling over taxes kicked off what Baucus said would be the last day of a two-week debate by the panel, the last of five committees to deal with legislation to revamp the health-care system".