The U.S. Senate recently released its long-awaited proposal for a government-run hostile takeover of the entire U.S. health care system. Predictably, it includes a barrage of higher taxes to pay for the bill’s immense price tag. [...]
All these increases, combined with state and local income taxes, would raise the average top marginal rate in the U.S. to over 52 percent. This would be higher than traditionally high-tax countries such as Italy, Spain, and even France. [...]
I'm going to note four:
•An excise tax on high-cost “Cadillac” health insurance plans that cost more than $8,500 a year for individuals or $21,000 for families,[2]
•An excise tax on medical devices such as wheelchairs, breast pumps, and syringes used by diabetics for insulin injections,[3]
•A value-added tax, which would tax the value added to a product at each stage of production,[7]
•An increase in the estate tax,[24]
If Harry Reid had any honor, any sense of shame, he'd be hiding under a rock mumbling "Forgive me" for this crap. You'll note that the current Death Tax just isn't enough for them: they truly believe that just because you die they have some right to tax you AGAIN on everything you own. And it's not enough to be stuck in a wheelchair, or be diabetic; they want to tax you on the things you need to get around and stay alive.
That the Senate rolled over to debate this piece of crap is bad enough(as Dick says, where's a torch?) If they pass this horrible piece of reeking garbage, they ought to be dragged out of those taxpayer-supplied offices, taken to the town square and flogged. Or hanged. Maybe both.
Oh, and how about this message to Louisiana and Sen. Landrieu(Political Whore-LA)?
I regret to inform you that as the result of your accepting what’s widely seen as a financial offer to throw your vote on healthcare — and notwithstanding your unusual logic about the economic plight of your constituents — should this measure pass the Senate and eventually be signed into law, I will probably never again visit New Orleans. I don’t know your motives nor are they important; it’s that appearance of impropriety thing.
In fact, I might go out of my away to avoid Louisiana entirely.
Based on the figures I cited from the New Orleans Tourism Marketing Corporation for 2009, (PDF) those seven million-plus annual tourists spend an average of $700. A former employer once sent a half dozen of us there for four days apiece.
So. If we divide these recent legislative earnings by $700, and then assume a local average gross profit margin from food, lodging, and entertainment of say 50%, we find that 1,000,000 tourists could, if they adopt this thinking, actually completely negate Louisiana’s short-term net proceeds from whatever it was that somehow uniquely sent $300,000,000 to your state.
Over two years that number could wipe your state’s windfall from the books and replace it with a comparable loss.
Then we could do this for either your entire term, year by year, or forever. Year by year.
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