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American Principles Project Blog

Contributions by the American Principle Project and its collaborators
Jun 15
2009

House democrat health-care plan adds $600 billion in new taxes

Posted by: Thomas Peters in

Thomas Peters

Even more disturbing are the long-term numbers:

Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.

... Asked whether the cost of a health-care overhaul would be more than $1 trillion over a decade, Rangel said, “the answer is yes.” Some Senate Republicans, including Senator Orrin Hatch of Utah, say the costs will likely exceed $1.5 trillion. (Bloomberg)

The article goes on to claim this would be the biggest change in health-care policy since Medicare in 1965. Why wouldn't this be the biggest change in health-care policy period?

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