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Rangel: Obama-Care Will Tax The Rich

From the Politico:

Charles Rangel: Health bill will tax the rich

By: Chris Frates
July 10, 2009

Democrats on the influential House Ways and Means Committee seemed to be moving toward a funding plan for health-care reform that would cut Medicare and Medicaid spending by roughly $500 billion to $600 billion and levy a surtax on the wealthy — even as the bill’s introduction was put off as party moderates wrangled with leadership over how to proceed.

Ways and Means Committee Chairman Charlie Rangel said Friday the plan would include three different surtax rates that would affect people making $350,000, $500,000 and $1 million a year, respectively. Rangel said the rates would be small, perhaps ranging between one and three percent, and would bring in about $540 billion.

"We have decided instead of putting pieces of different revenue raisers together that the best that we can do would have graduated surtaxes," Rangel said…

Of course this is the perfect solution for Mr. Rangel and his constituents.

None of them pay taxes – and neither does he.

By the way, remember how the original 1965 Ted Kennedy written immigration bill would not change the look of America?

Remember how ‘affirmative action’ was just going to be a temporary remedy?

That’s how the Obama health care is only going to cost the rich.

This article was posted by Steve on Saturday, July 11th, 2009. Comments are currently closed.

9 Responses to “Rangel: Obama-Care Will Tax The Rich”

  1. take_no_prisoners says:

    And let’s not forget the Alternative Minimum Income Tax. That one was only supposed to affect a few of the richest taxpayers too. But since it wasn’t indexed for inflation, it now affects a large number of taxpayers with relatively modest incomes as well.

  2. proreason says:

    Who needs reparations?

    This by itself is a 1.1 Trillion dollar redistribution.

    That’s about $25,000 per “African American” right there.

    And that is just babyt step 1.

    By the way, I wonder how many elderly white people would die because of that Medicare cut. And does anybody really think Medicaid, which is the African American version of Medicare (the free version), will be cut. To say it is to laugh.

    • bronzeprofessor says:

      Where did he even get the figure of $500 billion? It sounds like some random pseudo-statistic the Democrats like to pull out when they’re deep in an argument and need a way out quickly. The other tactic is to say, “Why don’t you mind your own God-d—-d business?” which is what Rangel said to Jason Mattera when Mattera asked him about the unpaid taxes and rent control fraud on Rangel’s real estate.

    • proreason says:

      “Where did he even get the figure of $500 billion?”

      Rangel is speaking.

      Why do you ask such a question?

      The mere fact that RANGEL is the CHAIRMAN of the committee that writes tax laws tells you everything you need to know about the state of the country. It’s so far outside the realm of rationality that to even be in a position to say that one fact means that the country is in greater peril than it has ever been.

    • bronzeprofessor says:

      Haha, so true, ProR. The Democrats’ fascination with meaningless numbers is by now stunning. Remember these —

      –“90% of the time McCain voted with Bush.”
      –“90% of the jobs created by the stimulus plan will be in the private sector.”
      –“5 million green collar jobs.”

      This figure of reducing Medicaid and Medicare by $500 billion, though, seems like it belongs in a class by itself. It’s so shameless. I was just curious as to whether there was any formula, no matter how flawed, that served as the basis for stating it. Or is it just a pure case of “why don’t you mind your own God-d—-d business?”

  3. Reality Bytes says:

    Unless of course you’re a rich democrat in the Obama cabinet.

  4. LewWaters says:

    Am I the only one to notice that the base line for who to tax the pants off of is always just above their pay level?

  5. Liberals Demise says:

    I still wonder why and how this streak mark on toilet paper is in office. You and I would have long ago been sent to jail for the laws he broke. Yet he gets to make and overlord tax laws he himself will not abide by. (and barry in Ghana telling their leaders to stop the corruption by elected people…..that’s rich)

  6. BigOil says:

    Sure, Chuck. Greedy rich people (anyone with a private sector job) will pay for universal healthcare, cap & trade, stimulus stimuli, runaway deficits, union bailouts, and midnight basketball.

    Right up to the point where they go John Galt.

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