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Response to TheWraith (Reply #4)

Wed Mar 14, 2012, 04:04 PM

5. Please read this.


"The Congressional Budget Office (CBO) also initially stated that the bill would "substantially reduce the growth of Medicare's payment rates for most services; impose an excise tax on insurance plans with relatively high premiums; and make various other changes to the federal tax code, Medicare, Medicaid, and other programs;"[163] A commonly heard criticism of the CBO cost estimates is that CBO was required to exclude from its initial estimates the effects of likely "doc fix" legislation that would increase Medicare payments by more than $200 billion from 2010 to 2019;[166][167][168][169][170] however, the "doc fix" remains a separate piece of legislation.[171]. Subject to the same exclusion, the CBO initially estimated the federal government's share of the cost during the first decade at $940 billion, $923 billion of which takes place during the final six years (20142019) when the spending kicks in;[172][173] with revenue exceeding spending during these six years.[174]"

According to the above the 200 billion tax increase is on "Medicare, Medicaid, and other programs" not income tax.
The math doesn't add up. A return to Clinton era taxes would yield trillions.

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TheWraith Mar 2012 OP
marlakay Mar 2012 #1
Ziggystrange Mar 2012 #2
TheWraith Mar 2012 #4
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Ziggystrange Mar 2012 #5
TheWraith Mar 2012 #6
Ziggystrange Mar 2012 #8
dmallind Mar 2012 #7
Nuclear Unicorn Mar 2012 #3
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