Author Topic: obama  (Read 17228 times)


and if i bothered to, i could find a few liberal presidents to counter that but ok

Just because they're Democrats doesn't make them progressive.


Also I'm pretty tired of people regurgitating lies about everything, so here's a list of all of your supposedly ridiculous tax increases in health reform:

From a CNN Article (http://money.cnn.com/2010/03/20/news/economy/cbo_reconciliation/):

Where the money will come from

Increase the Medicare tax on high-income households: The reconciliation bill that passed by Congress on Thursday has changes to the Medicare tax that represent the largest single revenue raiser in the health reform package.

The CBO estimates the provision would raise $210 billion over 10 years.

Currently, the Medicare payroll tax is 2.9% on all wages -- with the worker and his employer each paying 1.45%.

The reconciliation bill, like the Senate bill that passed into law earlier this week, will raise the percentage paid by high-income individuals by 0.9 percentage points, so an individual would pay 2.35% on his wages.

The reconciliation bill, however, also will subject the investment income of high-income households, such as dividends, interest and rent, to a 3.8% Medicare tax.

High-income is defined as individuals making more than $200,000 ($250,000 for couples filing jointly).

The tax will be on the lesser of one's investment income or the amount of modified adjusted gross income above the income threshold.

In other words, if a couple's total income is $300,000 ($50,000 above the threshold), and they had $40,000 in investment income, the 3.8% tax would apply to the $40,000. If their investment income was $60,000, however, they would only pay the tax on $50,000.

Tax high-cost medical plans: The reconciliation bill still includes an excise tax on insurers offering high-cost health insurance policies.

But it is considerably weakened from the Senate-passed bill, after objections from unions and others. Fiscal hawks have been arguing for a stronger excise tax since they believe it has the best chance of curbing the growth in health costs, which is a main goal of health reform.

The idea is that an excise tax would persuade workers and employers to choose lower-cost plans. While technically a tax on insurers, they are expected to pass along those costs to policyholders.

Once employers spend less money on health care, they will use the money saved to pay workers higher wages, or so the economic theory goes. The workers will then owe income tax on those higher wages, providing revenue to help pay for health reform.

But the reconciliation bill, compared to the Senate bill, raises the thresholds for plans that would be subject to the tax and delays its enactment by five years -- from 2013 to 2018.

The new thresholds will be $10,200 for singles, up from $8,500 in the Senate bill; and to $27,500 for families, up from $23,000 in the Senate bill. The thresholds would be higher still for retirees and employees in high-risk professions ($11,850 for individuals and $30,950 for families).

Those thresholds could go up even more by 2018 if health care inflation is higher than expected.

The CBO estimates the provision will raise $32 billion over 10 years, nearly 80% less than the $149 billion in the Senate bill.

Penalties for those who don't get coverage: Like the Senate bill, the reconciliation bill will impose a financial penalty on most Americans who don't buy health insurance.

Come 2015, individuals who choose not to buy insurance will have to pay the greater of $325 or up to 2% in income ($695 or up to 2.5% in income thereafter).

Those whose incomes are low enough that they are not required to file a tax return will be exempt from this requirement.

The CBO estimates this provision will raise $17 billion over 10 years.

Require employers to pay if they don't provide coverage: Like the Senate bill, the reconciliation bill will assess a penalty on employers with more than 50 workers if they do not provide health insurance coverage and have workers who would qualify for federal subsidies to buy insurance on their own. But the reconciliation bill ups the penalty from $750 per full-time worker to $2,000.

During an initial transition period, however, companies will only have to pay penalties on some of their employees.

The CBO estimates this provision will raise $52 billion over 10 years.

Impose new fees on the health industry: The reconciliation bill will impose new fees on health care companies such as drug makers, medical device makers and insurers. The fees will be in exchange for the new business that will come their way as a result of the expected influx of Americans who will obtain health coverage and use more medical services.

The CBO estimates this provision will raise $107 billion over 10 years.

Trim various health-related tax breaks: The reconciliation bill will impose an additional 20% penalty for non-health withdrawals from tax-advantaged health savings accounts, up from 10% in the Senate bill.

It will limit to $2,500 the amount workers may contribute to flexible health spending accounts at work, down from $5,000 currently. It will also increase how much the non-elderly and the non-disabled would have to rack up in medical bills before being allowed to deduct expenses above that amount on their federal income tax return.

Plus, it will make it harder to deduct medical expenses by raising the percentage of adjusted gross income that would have to be matched in health bills before being allowed to deduct any further medical expenses. The floor will be raised to 10% from 7.5% for those under 65.

These provisions combined will bring in an estimated $29 billion over 10 years.

Create a new long-term care insurance program: The bill will create the Community Living Assistance Services and Supports Act to help seniors in need of help with daily tasks such as bathing and dressing. Those who enroll in the program will have to pay premiums into the program for five years before being eligible for benefits.

In the first 10 years, the program it is expected to take in more money than it pays out, which is why the CBO says it would reduce the deficit by $70 billion. But in the second decade and beyond, the program is projected to pay out more than it takes in, and will therefore contribute to the deficit.

That's why some say that the CLASS Act is a budget gimmick that will not contribute to the potential of health reform to reduce the deficit.


Now that people will understand that their taxes are not going to increase, let's move on to the second major talking point that is endless regurgitated with the assumption it holds any logical meaning: the mandated health insurance purchasing. By far this is indeed the worst part of the bill, but there is some logic behind it. Because of the new provisions in the health care bill that stop insurance companies from dropping coverage due to bullstuff reasons as well as the financial aid given to people by the government it is a lot cheaper and easier to maintain health insurance.

The final argument that I hear over and over is that health insurance companies will go bankrupt because this bill passed. This argument is probably the worst lie of them all. Take a look at the membership counts of large health insurance companies over the last decade. Most have dropped their membership by 5-10% but increased their profits up to three fold. They are making more than enough money to handle new regulatory measures, especially considering all of the new people who join the insurance pool will be paying premiums.

Please think before you fall for stupid stuff like this.


The bill is not what I wanted, but it has something very important in it: health insurer regulations.

http://www.nytimes.com/2010/03/22/your-money/health-insurance/22consumer.html

Here is a look at some of the main ways the health care overhaul might affect household budgets.

The Uninsured

Although most Americans who do not obtain health insurance would face a federal penalty starting in 2014, many experts question how strict the enforcement of that penalty would actually be.

The first year, consumers who did not have insurance would owe $95, or 1 percent of income, whichever is greater. But the penalty would subsequently rise, reaching $695, or 2 percent of income.

Families who fall below the income-tax filing thresholds would not owe anything. Nor would people who cannot find a policy that costs less than 8 percent of their income, said Sara R. Collins, a vice president at the Commonwealth Fund, an independent nonprofit research group.

EXPANDED MEDICAID More lower-income individuals under the age of 65 would be covered by Medicaid, the federal health insurance plan for the poor. Under the new rules, households with income up to 133 percent of the federal poverty level, or about $29,327 for a family of four, would be eligible.

EXCHANGES AND SUBSIDIES Most other uninsured people would be required to buy insurance through one of the new state-run insurance exchanges. People with incomes of more than 133 percent of the poverty level but less than 400 percent (that’s $29,327 to $88,200 for a family of four) would be eligible for premium subsidies through the exchanges.

Premiums would also be capped at a percentage of income, ranging from 3 percent of income to as much as 9.5 percent.

EMPLOYMENT FLEXIBILITY The exchanges would also help people who lose their jobs, quit or decide to start their own businesses.

“If you lose your employer-related insurance, you will be able to move seamlessly into the exchange,” said Timothy Stoltzfus Jost, a professor at the Washington and Lee University School of Law.

Moreover, people of any age who cannot find a plan that costs less than 8 percent of their income would be allowed to buy a catastrophic policy otherwise intended for people under age 30.

Those With Insurance

EMPLOYER COVERAGE People who receive coverage through large employers would be unlikely to see any drastic changes, nor should premiums or coverage be affected. But almost everyone would benefit from new regulations, like the ban on pre-existing conditions that would apply to all policies come 2014.

There might even be cases where people would be eligible to buy insurance through an exchange instead of through their employer, Professor Jost said: those who must pay more than 9.5 percent of their income for premiums, or those whose plans do not cover more than 60 percent of the cost their benefits.

CHANGES IN MEDICARE One of the biggest changes involves the Medicare prescription drug program. Its unpopular “doughnut hole” — a big, expensive gap in coverage that affects millions — would be eliminated by 2020. Starting immediately, consumers who hit the gap would receive a $250 rebate. In 2011, they would receive a 50 percent discount on brand name drugs.

HIGH-COST INSURANCE Starting in 2018, employers that offer workers pricier plans — or those with total premiums of $10,200 or more for singles and $27,500 for families — would be subject to a 40 percent tax on the excess premium, said C. Clinton Stretch, managing principal of tax policy at Deloitte. Retirees and workers in high-risk professions like firefighting would have higher thresholds ($11,850 for singles, or $30,950 for families), pegged to inflation.

Although the taxes would be levied on the insurer, experts expect the assessment to be passed on to the consumer in the form of higher premiums or reduced benefits.

The economy is forgeted up, how do you guys expect him to fix it in 4 years?

The economy is forgeted up, how do you guys expect him to fix it in 4 years?
Ninja...

I'm so Black I'm White.


Obama after his president career;


Change
.
.
.
Do you have any? *holds up rusty coffee mug*

Obama after his president career;


Change
.
.
.
Do you have any? *holds up rusty coffee mug*
Plaz.


He is ok, atleast he doesn't millions on defense bills like Bush did.
YEAH, WHO THE HELL NEEDS AN ARMY?


ALL YOU NEED IS LOOOVE...

YEAH, WHO THE HELL NEEDS AN ARMY?


ALL YOU NEED IS LOOOVE AND MONEY...