Baucus Plan: Fantasy & Broken Promises
Thursday, October 8, 2009

The Baucus health care plan is expensive, it breaks Obama’s tax pledge, it is based on insane assumptions and it leaves tens of millions uninsured. Putting those considerations aside, it’s a fantastic plan.

A Trillion Dollar Plan
Democrats are ecstatic. The CBO (after having been subjected to presidential arm-twisting) has declared that the $829 billion Baucus plan is essentially deficit neutral, with the potential to reduce the deficit by $8 billion per year (peanuts). Would that it were so. But even if it were true, let’s not forget that $1 trillion is massive amount of wealth…this is a very expensive scheme.

Yes, New Taxes
The Baucus plan will be paid for with massive new taxes, including $201 billion in new taxes on insurance plans, and taxes on the uninsured (a cruel breach of another Obama pledge). The Baucus plan also calls for new taxes on a whole array of medically related goods and services including hip, knee, and ankle prosthetics, mammograms, dentures, breast pumps and contact lenses. These new taxes will hit the middle class like a heart attack. Please recall Obama’s emphatic and oft repeated promise:

“I can make a firm pledge. Under my plan, no family making less than $250,000 per year, will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”

Here’s a question for your Senators and Congressperson: “Do you intend to send Obama a health care bill that will lead him to break his promises?”

Continues here.

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