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Archive for October 9th, 2009

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And now … the rest of the story….

By James Delingpole World Last updated: October 9th, 2009

95 Comments Comment on this article

Barack Obama has won the Nobel Peace prize and I’m still reeling at the shock. Most of us are, I should think.

Here are my theories as to how it might have come about:

1. Unlike in most of the rest of the world  Øbama Køøl Aid (TM) remains Oslo’s most popular beverage.

2. The Norwegian prize committee’s sense of irony is growing ever more sophisticated, as it hinted when it gave the prize in 2002 to comedy ex-president Jimmy Carter, and hinted more strongly when it gave the prize in 2007 to climate-fear-promoting comedy failed-president Al Gore.

3. The other candidates on the shortlist were Robert Mugabe; Osama Bin Laden; Ahmed Jibril; and the late Pol Pot.

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Dick Morris On The Record with Greta Van Susteren breaks down the numbers for Greta in the Max Baucus engineered health care bill:

Greta: “Is there fine print or is there print that says the sick are gonna get taxed?

Morris: “Absolutely, right in there in the bill, currently you can deduct your medical expenses if they are more than 7.5 percent of your income, they wanna raise that in the bill to 10 percent, just think about it, someone who is spending 10 percent on their medical care has gotta be sick, has gotta be facing catastrophic costs, those are the people that they picked to tax.

If you’re making 60k-70k household income a year, that means you lose 2.5 percent of that as a deduction, that works out to a tax of about $600, so they are literally taking the sickest people in the United States, those who have to spend more than 7.5 percent of their income on medical expenses and they are raising the taxes on them, it is absolutely incredible…. “

 


 

TAX THE SICK: OBAMA’S NEW PLAN

By Dick Morris and Eileen McGann

Faced with a need to scrounge for revenue to fund his plan for health care, President Barack Obama and Senate Finance Committee Chairman Max Baucus have come up with a brilliant new idea: Tax the sick!

In a new amendment to the health care bill, they propose to limit the deductibility of medical expenses on income taxes.

Now, taxpayers may deduct any medical expenses that exceed 7.5% of their Adjusted Gross Income. Obama and Baucus want to raise that threshold to 10% as long as the taxpayer is under 65.

Eight million Americans are sick enough and poor enough that they have to pay more than 7.5% of their income in medical expenses. And it is these folks that the liberals Obama and Baucus plan to tax! Six million of them earn less than $75,000 a year!

For a family earning $75,000 a year and facing out-of-pocket medical bills of $7, 500, this proposal would cost them about $600 a year in extra taxes.

And let’s remember who it is that they are taxing. This proposal affects people whose incomes are so limited and whose medical costs are so high that they exceed 7.5% of their pre-tax income.

Their proposal literally hopes to raise $20 billion over ten years by taxing sick people.

The Democrats defend their proposal by saying that it would discourage health care spending. But nobody deliberately spends 7.5% of their income on medical costs unless they are pretty sick and needy.

Obama and Baucus have singled out the sickest among the middle class for this heinous tax. (The poor will not have to pay it because they are eligible for Medicaid). Originally, the Democrats continued their war on the elderly by proposing to tax everyone who spends more than the 7.5% threshold on medical costs. But they retreated when it became clear that six million elderly would be hit with the tax. Now they just sock it to eight million sic k, middle income Americans.

This tax, and their desire to cut Medicare and Medicaid by $500 billion, makes Obama and Baucus unlike any Democrats I have ever known. Democrats, at least when I worked for Clinton, defended the elderly and the sick rather than cut the former and tax the latter.

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