Here's your 'change'. A fine is not a tax, therefore no tax increase. Taxes in the name of 'responsibility' are not taxes.
Obama Goes Toe-To-Toe With Stephanopoulos On "Tax Increases":
On "This Week," George Stephanopoulos and President Obama have a colorful discussion over Obama's health care reform proposal.
Stephanopoulos takes issue with a mandate that obligates Americans to purchase health insurance, or risk being fined as much as $900. "How is that not a tax?"
"A responsibility to get health insurance is not a tax increase," Obama said.
Stephanopoulos then tells Obama that he looked up the definition of "tax" in Merriam Webster's dictionary.
"The fact that you looked up... the definition of tax increase indicates that you're stretching a little bit right now," Obama responded.
i don't see how looking up something is 'stretching'. i see it as precise journalism. like George Stephanopoulos doesn't know the definition. he was making a point. there are some people, like young college students, who are not on their parent's insurance but are very healthy and who may not think they need insurance.
risky, i know, because accidents happen.
but i don't like the idea of compelling - no, MANDATING people to purchase health insurance. if they can't afford health insurance, how on God's Green Earth are they going to be able to afford the president's penalty fines for it? some people's budgets are stretched at the seams as it is. and what happens if they DON'T pay their fines? is he going to have them arrested?
Yeah, kind of like how the IRS puts you in jail if you don't pay your taxes.
Don't pay the fine, get arrested, have a public defender appointed, go to trial, get convicted, go to federal prison...
and you'll have free health care!!
If disallowing large companies previous benefits like Company cars , travel write-offs, discounts on insurance ,property taxes,etc etc , plus all the nickel n dime freebies ( which to you an me are not nickel n time amounts) are no longer available , woohoooo , major savings for the country!!
No wonder many are squealing and complaining , they only get one vacation now instead of 3 or 4
Be careful. The vaunted "Small Business" gets those write-offs as well. The Schedule C is a powerful tool for whittling down your tax obligation through all kinds of nifty deductions.
By the way, corporations shouldn't pay taxes anyway.
Yes they should. They're the only ones who should because their status is a privilege granted by the govt to exist as a corporeal entity.
Besides, corporate perqs should only be decided by the corporation itself in a free market system - not a busybody govt.
Corporations don't actually pay their taxes now. Their customers and employees pay them. Any corporate tax is an indirect tax on individual citizens.
You have to understand where the profits go; any income left over after expenses (including taxes) is paid to the shareholders and employees or used to buy stuff, which creates more jobs.
Corporations DON"T pay taxes, they pass them along to you and me! Thanks Obama!
Yeah, why shouldn't they? Your previous post only explains how they do pay and where the money comes from.
Therein lies your answer. It's the nature of corporations and how they derive their income. They sell a product or service and determine after costs what profit margin they can obtain to determine a price. Those costs include their tax burden. Ultimately all taxes are paid by consumers that's what makes the current income tax system in the USA sooo evil, because it punishes labor, productivity, savings, investment and risk instead of rewarding those things, which I think we all can agree are GOOD things! This is why under Obama Americans will experience economic pain not seen since Jimmy Carter!
Scroll up a little more and read my previous previous post. I explained it there. They are paying with money that you would otherwise earn.
The idea of mandated health insurance is a novel idea but puts more of a strain on the working poor that they cannot bare. If you switch jobs faily regularly due to your occupation or lay offs and you have a pre-existing condition such as hearts deseas or diabetes a practical ploicy you can afford cannot happen with out public option to lower the costs.
If you think this is a far too slim example think again. We do not need some more feel good legislation but something that works and this cannot work.
I feel the right has done nothing and Congressional Democrats are weak. Obama is bringing change, and everyone is fighting it. No knife. Give it time
by nicomp really 12 years ago
From the What Else is New Department...The Obama White House left open the possibility Sunday that the president would break a campaign promise and raise taxes on people earning less than $250,000 to support his health care overhaul agenda. White House adviser David Axelrod said the administration...
by lady_love158 10 years ago
http://m.washingtontimes.com/news/2011/ … increases/Really, and people think this guy is a genius? Why does he insist on making ideological proposals that even his own party wont support? This president is beyond inept and incompetent, he's moronic!
by Josak 9 years ago
One of the greatest criticisms leveled at socialist and perceived socialist nations is their high taxes, usually reinforced with the example of France and it's high tax rates under a newly elected socialist government.Let's examine that claim factually, a quick analysis will prove it false.For...
by MikeNV 11 years ago
Thanks to the health care "reform" bill passed by Congress and signed into law by Barack Obama, American taxpayers are about to be hit with the largest tax increase in the history of the United States. According to an analysis by the Congressional Joint Committee on Taxation ...
by Stacie L 10 years ago
WASHINGTON (AP) — President Barack Obama is expected to seek a new base tax rate for the wealthy to ensure that millionaires pay at least at the same percentage as middle income taxpayers.A White House official said the proposal would be included in the president's proposal for long term deficit...
by Nickny79 13 years ago
Issue: Why raising taxes on corporations is BAD economics and does NOT serve any social justice:1. when gov't raises taxes on corps., corps. don't pay more money, CONSUMERS do with increased prices that account for the increased cost of doing business. 2. when gov't raises taxes...
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