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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.
The measure’s cost is reaching well beyond the $634 billion PresidentBarack Obama proposed in his budget request to Congress as a 10-year down payment for the policy changes. 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.
Jesus Christ ! Somebody have to pay for Obama's dreams and it's the only one we are going to see in the next decades. Oh! well.
Last edited by NEPatriot; 06-12-2009 at 07:28 PM..
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Re: Obama Universal HealthCare Proposal Adds $600 Billion in Taxes
When libbies say that they want 600 billion dollars tax, it's not a REAL figure at this moment. The actual figure is 1.2T tax to cover any unexpected rising cost. That's a lot of money and i doubt that the 'RITCH' can handle it by themselves.