July 20, 2009
Nancy Pelosi and the “Millionaire’s Tax”
Pelosi wants to “drain” more “savings” from the medical industry and institute a “millionaire’s tax”in order to support their un-Constitutional health care bill:
Trying to sell a historic health bill to a balky caucus, House Speaker Nancy Pelosi told POLITICO in an interview that she wants to soften a proposed surcharge on the wealthy so that it applies only to families that make $1 million or more.
The change could help mollify the conservative Democrats who expect to have a tough time selling the package back home. Their support is the single biggest key to meeting the speaker’s goal of having health care reform pass the House by the August recess.
The bill now moving through the House would raise taxes for individuals with annual adjusted gross incomes of $280,000, or families that make $350,000 or more.
“I’d like it to go higher than it is,” Pelosi said Friday.
The speaker would like the trigger raised to $500,000 for individuals and $1 million for families, “so it’s a millionaire’s tax,” she said. “When someone hears, ‘2,’ they think, ‘Oh, I could be there,’ because they don’t know the $280,000 is for one person.
“It sounds like you’re in the neighborhood. So I just want to remove all doubt. You hear ‘$500,000 a year,’ you think, ‘My God, that’s not me.’”
Pelosi also told POLITICO she will push to “drain” more savings from the medical industry — hospitals, pharmaceutical companies and health insurers — than they have given up under current health-reform agreements with the Senate and White House.
Asked whether she believes the industry players will wind up contributing more to the package, Pelosi replied: “I don’t know. I know they can, to the extent that the special interests are willing to cooperate. … They could do much better. … Frankly, I think all the money [to pay for health reform] could be drained from the system, if they were willing to do that.”
First of all, can anyone tell me where it says in the Constituion that Congress has the authority to tax specific groups in order to pay for another groups health care? I must have missed that part because I don’t remember seeing it in there.
I would also like to understand why people should be penalized just because they make more money. It’s always about taxing the rich. When did we become such a petty society? Why do we want to punish people just because they’re rich? Is it because we have lost faith in being rich ourselves so we want to punish those who have done better than us financially? It just makes no sense to me.
And, how much can we possibly drain from the medical industry before we break it? When it’s government versus industry only the government can survive. It’s as if McDonald’s were allowed to “drain” money from Burger King in order to expand themselves. At some point, Burger King will disappear. Well, that’s what the government wants to do with health care. Private industry cannot survive when competing against a government with limitless ability to outspend them and fund the spending by stealing them from the very industry they’re in competition with.
This is not the American way. It is the responsibility of the American people to stop this. Once this beast is unleashed, there will be no going back. Washington doesn’t repeal laws. Government is continuously expanding and it will not contract. Call your representatives today and tell them if they vote yes to this bill you’ll vote no to them in the next election.
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Great posting and reflects exactly how I feel. What is Congress doing? Why are they involved in all this, and how did it come to be that they think they have a right to tax anyone? It is a duty to keep taxation low and not burden anyone. For some reason the Federal gov’t thinks they can reach in and tax everything as if it is their right. There was a time the Federal gov’t could not tax your wages. Now it is as if everything should be taxed. If I have a health plan from work – why do they need to tax that? Why my benefit? I wish someone would do an investigative piece on Pelosi and her vineyards and real estate and let’s see what she is paying and if she is using union labor. This is the land of opportunity, not the land of gov’t hands redistributing wealth.
Comment by Krystal — July 20, 2009 @ 5:20 pm
“Pelosi also told POLITICO she will push to “drain” more savings from the medical industry…”
Seems to me San Fran Nan’s brain-pan was “drained” a long, long time ago.
Comment by MarkJ — July 20, 2009 @ 9:19 pm
P.S.
to Moe:
“Washington doesn’t repeal laws.”
Actually there is a mechanism for repealing laws made by idiotic, incompetent, and despotic governments.
It’s called “a revolution.” And we may be closer to one that many might think.
Comment by MarkJ — July 20, 2009 @ 9:22 pm