Thursday, January 7, 2010

Barack Obama Lobbies for Tax on Elderly and Labor Unions

Yes, Barack Obama is finally taking a stand in the healthcare bill, and he is lobbying for a tax on high cost healthcare plans, as opposed to a tax on the wealthy. This means that older people, who have to pay more for health insurance, and labor unions, who literally shed blood for their health care, are getting completely screwed.

It's also horrifically bad policy:
  • It will target a much larger swath of the population than is promised.
  • It will do little to reign in healthcare costs, just look at the Health Savings Account debacle, and the "Rand study from the 1970s found that higher co-pays and deductibles led patients to limit medically necessary care as much as wasteful care, possibly leading to more costly health-care needs later."
  • Much of the tax revenue from this is from the completely delusional assumption that the money taken out of insurance will be returned to employees as wages by their employers.
Seriously, I knew that we had elected a center-right Democrat as president, but I am surprised that we apparently elected a Republican.

Unsurprisingly, Obama is getting some pushback from the liberals in the House, most notably Raul Grijalva (D-AZ), who is saying that this clusterf%$# is his baby now, and he needs to work to make the bill better, and that this tax proposal violates Obama's campaign promise not to raise taxes on the middle class.

Of course, whenever a politician promises not to raise taxes on the middle class, he's lying.

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