Comment

Stuck in the Middle with You

410
Walter L. Newton8/24/2009 7:50:00 am PDT

I was looking over the “threads” of taxes and acceptable health care coverage in HB 3200, and here is a summery…

The Obama administration keeps assuring us that House Bill 3200, and the enclosed proposals for health care reform is not designed to take over the private health care industry and create the largest nationalized program that the Federal government has ever managed.

That’s a lie. Almost every section of the bill is designed to make it more and more difficult for private health care to function as an industry. New constraints in this bill will eventually strangle and kill private health care and you will have no choice but to accept a Euro-style socialized health care system.

And the Obama administration has turned to the invasive IRS to help “nudge” you into the Federal health care system.

The IRS will be tasked with collecting new taxes from you and private businesses if you do not have health care insurance that matches or exceeds Federal guidelines or your employer doesn’t offer health care that matches or exceeds Federal guidelines.

There will be new taxes on… (see Section 207)

(A) TAXES ON INDIVIDUALS NOT OBTAINING ACCEPTABLE COVERAGE.
(B) EMPLOYMENT TAXES ON EMPLOYERS NOT PROVIDING ACCEPTABLE COVERAGE
(C) EXCISE TAX ON FAILURES TO MEET CERTAIN HEALTH COVERAGE REQUIREMENTS

These taxes will be levied by the Federal government as part of the financing of socialized health care. And how much tax will they levy on you? If you don’t have any health insurance, private or government supplied, you will pay 2.5 percent of your modified adjusted gross income for a year.

SEC. 59B. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE. TAX IMPOSED.—In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent of the excess of — the taxpayer’s modified adjusted gross in come for the taxable year…

Employers will be taxed at 8.0 percent of an employees wages if they fail to offer acceptable health care coverage. (See section 412). And who decides, for the whole country, for private employees, private business and public entities what is ACCEPTABLE insurance coverage? Well, the Federal government, of course.

QUALIFIED HEALTH BENEFITS PLAN COVERAGE.—Coverage under a qualified health benefits plan. The Commissioner shall make determinations under this paragraph in coordination with the Secretary of the Treasury. (See section 202).

There you have it. The backdoor to eventual socialized health care, under the complete control of the Federal government. They will decide what is acceptable health care coverage and the IRS will collect taxes from you and/or your employer if the coverage is not acceptable. This means the Federal government will have to keep records of who has what coverage and if your coverage meets or exceeds Federal guidelines.

Do you really want this?