The Congressional Budget Office recently released their scoring of the Senate Health Care Bill. Reading some of the headlines in major newspapers, one would be forgiven to think that the health care plan being debated in the Senate is a deficit reducing panacea for all of the United States’ health problems… “No Big Cost Rise in U.S. Premiums Is Seen In Study” touts the New York Times, for example. The health care bill is supposed to ‘bend the health care cost curve’ and extend coverage to the unfortunate people who don’t currently have insurance. Sadly, it completely misses the mark.
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Alternative Minimum Tricks
On December - 1 - 2009
Since yesterday I compared the health plan taxes in Congress to the Alternative Minimum Tax, I suppose it’s only right if today I discuss that tax itself. The infamous tax was enacted to target upper class taxpayers who paid less than ‘their fair share’ of taxes. It went into effect in 1970.
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