Medicare for All
Democrats chided Bush the first few years he was in office as a reckless spender. Then the economy took off and they sorta dropped it in favor of "taxing the poor and giving big tax breaks to the rich". The never really got much traction either. So, Ted Kennedy is pulling out the mother of all promises, free health care for all US citizens to the same level as they get in Congress. I am not joking here. He really did:
The program under this title–
- ensures that all Americans have high quality, affordable health care;
- ensures that all Americans have access to health care as good as their Member of Congress receives; and
- reduces the cost of health care and enhances American economic competitiveness in the global marketplace.
Now, he’s going to keep all the middle men in the picture, so everyone’s happy, including private insurers, health care clinics, mental health facilities, everyone. Nothing is being cut out, and everyone gets thehighest quality coverage available. Of course, it’s not free either.
SEC. 3. FINANCING THROUGH EMPLOYMENT TAX.
- (a) TAX ON EMPLOYEES- Section 3101 of the Internal Revenue Code of 1986 is amended by redesignating subsection (c) as subsection (d) and by inserting after subsection (b) the following new subsection:
- (c) MEDICARE FOR ALL- In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to 1.7 percent of the wages (as defined in section 3121(a)) received by him with respect to employment (as defined in section 3121(b)).
- (b) TAX ON EMPLOYERS- Section 3111 of such Code is amended by redesignating subsection (c) as subsection (d) and by inserting after subsection (b) the following new subsection:
- (c) MEDICARE FOR ALL- In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, equal to 7 percent of the wages (as defined in section 3121(a)) paid by him with respect to employment (as defined in section 3121(b)).’
- (c) TAX ON SELF-EMPLOYMENT- Section 1401 of such Code is amended by redesignating subsection (c) as subsection (d) and by inserting after subsection (b) the following new subsection:
- (c) MEDICARE FOR ALL- In addition to other taxes, there shall be imposed for each taxable year, on the self-employment income of every individual, a tax equal to the applicable percent of the self-employment income for such taxable year.
Look at small businesses of the US, November’s not even here and Ted Kennedy and Charles Rangel are already salivating at the chance to raise everyone’s taxes and spend it.
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