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Chairman Max Baucus told reporters that lawmakers still need to come up with $320 billion over the coming decade in taxes to pay for the health care plan. All options for raising taxes remain on the table, the Montana Democrat said, including taxing employer-provided health benefits.
Sen. Kent Conrad, D-North Dakota, who has been involved in negotiations on the bill, said senators are talking about raising the tax exemption on those benefits to $25,000 for a family.
Doing so would raise $90 billion over 10 years, Conrad said, leaving negotiators $230 billion to raise through other taxes. Conrad and Baucus wouldn't specify which additional tax hikes are gaining favor among lawmakers but said everything -- from raising taxes on sugary drinks and alcohol to a surtax on the wealthy -- remains on the table.
Here is the best part.
"It's always difficult to raise taxes -- always, always, always," Baucus said. "But we gotta pay for this bill."
Is it wonderful? Thank you for your honesty. Do you hear that????
Last edited by NEPatriot; 07-09-2009 at 12:53 PM..
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