{"id":2340,"date":"2009-06-12T17:32:42","date_gmt":"2009-06-12T21:32:42","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=2340"},"modified":"2009-06-12T17:57:23","modified_gmt":"2009-06-12T21:57:23","slug":"bloomberg-com-house-health-care-bill-to-include-600-billion-in-tax-increases","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/06\/12\/bloomberg-com-house-health-care-bill-to-include-600-billion-in-tax-increases\/","title":{"rendered":"Bloomberg.com: House Health-Care Bill to Include $600 Billion in Tax Increases"},"content":{"rendered":"<p>Bloomberg.com is <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aqLNecbH0dcg\" target=\"_blank\">reporting<\/a> that the 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:<\/p>\n<blockquote><p>June 12 (Bloomberg) &#8212; 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.<\/p>\n<p>Democrats will work on the bill\u2019s details next week as they struggle through \u201cwhat kind of heartburn\u201d it will cause to agree on how to pay for revamping the health-care system, Rangel, a New York Democrat, said today. He also said the measure\u2019s cost will reach beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a down payment for the policy changes.<\/p>\n<p>Asked whether the cost of a health-care overhaul would be more than $1 trillion, Rangel said, \u201cthe answer is yes.\u201d<\/p><\/blockquote>\n<p>Ehh, what&#8217;s another trillion when you&#8217;ve already spent, lent <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=atgpW1E28_4s\" target=\"_blank\">or committed $12.8<\/a> trillion?<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><span><span id=\"ctl00_ContentArea_lblTitle\"><a href=\"http:\/\/www.cnsnews.com\/public\/content\/article.aspx?RsrcID=49481\" target=\"_blank\">Congressional Republicans Speak Out against Obama&#8217;s Plan for Government-Owned Health Care<\/a> &#8211; CNSNews.com<br \/>\n<\/span><\/span><\/li>\n<li><a href=\"http:\/\/thehill.com\/leading-the-news\/dems-brace-for-cbo-score-2009-06-11.html\" target=\"_blank\">Dems brace for CBO score<\/a> &#8211; The Hill<\/li>\n<li><a href=\"http:\/\/thehill.com\/dick-morris\/obamas-issues-crumbling-2009-06-09.html\" target=\"_blank\">Obama\u2019s issues crumbling<\/a> &#8211; The Hill<\/li>\n<li><a href=\"http:\/\/www.thenewatlantis.com\/publications\/socialism-and-cancer\" target=\"_blank\">Socialism and Cancer<\/a> &#8211; The New Atlantis<\/li>\n<li><a href=\"http:\/\/www.cato.org\/pub_display.php?pub_id=8852\" target=\"_blank\">Government and Health Care: The Good, The Bad, and the Ugly<\/a> &#8211; Cato Institute<\/li>\n<li><a href=\"http:\/\/www.theatlantic.com\/doc\/200903\/postrel-drugs\" target=\"_blank\">My Drug Problem<\/a> &#8211; The Atlantic<\/li>\n<li><span><a href=\"http:\/\/www.heritage.org\/Press\/FactSheet\/fs0029.cfm\" target=\"_blank\">The Public Health Care Plan: What Seems to Be the Problem?<\/a> &#8211; The Heritage Foundation<\/span><\/li>\n<li><a href=\"http:\/\/www.jasetaro.com\/blog\/2009\/05\/20\/gop-introduces-alternative-to-obamacare\/\">GOP Introduces Alternative to Obamacare<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg.com is reporting that the 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: June 12 (Bloomberg) &#8212; Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,43,7],"tags":[59,1366,720,731,730,462,1365],"class_list":{"0":"post-2340","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-health-care","8":"category-politics","9":"tag-democrats","10":"tag-health-care","11":"tag-house-of-representatives","12":"tag-medicaid","13":"tag-medicare","14":"tag-obama-administration","15":"tag-taxes","16":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-BK","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1457,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/02\/05\/tom-coburn-the-stimulus-package-is-more-debt-we-dont-need\/","url_meta":{"origin":2340,"position":0},"title":"Tom Coburn: The Stimulus Package Is More Debt We Don&#8217;t Need","author":"Jeff","date":"February 5, 2009","format":false,"excerpt":"I wanted to mention Sen. Tom Coburn's Op Ed in the Wall Street Journal yesterday, but I didn't get chance. Coburn gets right to the heart of the matter this pork stuffed crap sandwich \"will not only fail to stimulate the economy, but could seriously delay economic recovery.\" As the\u2026","rel":"","context":"In &quot;Politics&quot;","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1856,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/01\/paul-ryan-the-gops-alternative-budget\/","url_meta":{"origin":2340,"position":1},"title":"Paul Ryan: The GOP&#8217;s Alternative Budget","author":"Jeff","date":"April 1, 2009","format":false,"excerpt":"Paul Ryan the ranking Republican on the House Budget Committee lays out the GOP's alternative budget proposal in an Op Ed in Today's Wall Street Journal: Here's an outline of what we propose: - Deficits\/Debt. The Republican budget achieves lower deficits than the Democratic plan in every year, and by\u2026","rel":"","context":"In &quot;Politics&quot;","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2735,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/09\/16\/the-tax-man-cometh-senate-health-reform-bill-includes-many-tax-hikes\/","url_meta":{"origin":2340,"position":2},"title":"The Tax Man Cometh: Senate Health Reform Bill Includes Many Tax Hikes","author":"Jeff","date":"September 16, 2009","format":false,"excerpt":"The folks at Americans for Tax Reform have examined the Senate Finance Committee health care reform bill announced today and come up with a list of all the tax hikes in the bill: Individual Mandate Tax.\u00a0 If you don\u2019t sign up for health insurance, you will have to pay a\u2026","rel":"","context":"In &quot;Health Care&quot;","block_context":{"text":"Health Care","link":"https:\/\/www.jasetaro.com\/blog\/category\/health-care\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3052,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/12\/09\/senate-democrats-reach-health-reform-compromise-drop-public-option\/","url_meta":{"origin":2340,"position":3},"title":"Senate Democrats Reach Health Reform Compromise; Drop Public Option","author":"Jeff","date":"December 9, 2009","format":false,"excerpt":"From the Wall Street Journal: Senior Senate Democrats reached tentative agreement Tuesday night to abandon the government-run insurance plan in their health-overhaul bill and to expand Medicare coverage to some people ages 55 to 64, clearing the most significant hurdle so far in getting a bill that can pass Congress.\u2026","rel":"","context":"In &quot;Health Care&quot;","block_context":{"text":"Health Care","link":"https:\/\/www.jasetaro.com\/blog\/category\/health-care\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2514,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/07\/15\/steny-hoyer-idiot\/","url_meta":{"origin":2340,"position":4},"title":"Steny Hoyer: Idiot","author":"Jeff","date":"July 15, 2009","format":false,"excerpt":"From CNSNews.com (emphasis mine): House Majority Leader Steny Hoyer (D-Md.) said that job growth and economic recovery would not be harmed by a Democratic plan to increase\u00a0income taxes by $540 billion\u00a0to pay for their health-care\u00a0reform proposal\u00a0because the tax hikes would not affect small businesses. Hoyer also said he could not\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2550,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/07\/28\/is-the-public-option-dead\/","url_meta":{"origin":2340,"position":5},"title":"Is the Public Option Dead?","author":"Jeff","date":"July 28, 2009","format":false,"excerpt":"I'm hearing rumblings from various sources that the Democrats so called Public Health Insurance option is dead in the the Senate... The Associated Press is reporting that a bipartisan group of Senators is close to a compromise agreement that would eliminate the employer mandate and the public option, two of\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=2340"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2340\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=2340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=2340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=2340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}