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merriefollowshare
7-12-2009 8:21 PM
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merrie says:
Here Are Some More Taxes From Which You Should Probably Avert Your Eyes
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Capping the tax break on itemized deductions at 28 percent, as President Barack Obama had proposed, or freezing the top deduction rate at 35 percent when the Bush tax cuts expire in 2010. The first scenario would raise $168 billion, while the second would collect $90 billion.

" Issue tax credit bonds to pay for the proposed Medicaid expansion, raising $75 billion.

" Charge fees to pharmaceutical manufacturers, bringing in as much as $20 billion, and insurance providers, raising $75 billion.

" Raise taxes on sodas and sugary drinks. A 3-cent hike could pick up $30 billion, and a 10-cent hike could make $100 billion. This one already appears out of favor: Many senators have specifically ruled out the sugar tax, and a Senate Democratic source said it was the one option that was clearly not gaining traction with committee members.
2 Comments   | Add a Comment
7-13-2009 4:07 PM
ColoradoRight
that free health care is really expensive
7-13-2009 4:21 PM
jay8h
Sounds to me that those new taxes are going to hit the under $250,000 a year income majority. They just don't know it yet. So much for political promises.
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