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Overnight Open Thread

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3 wood6/08/2009 7:29:58 am PDT

Just a quick drive-by:


Democrats Weigh Health Mandate as Obama Urges Taxing Wealthy


President Barack Obama wants Congress to consider taxing the wealthy instead of workers to pay for a health-care overhaul, as House Democrats discuss a plan to require health insurance for most Americans.

The Obama administration stepped up efforts to influence health-care legislation today as advisers David Axelrod and Austan Goolsbee appeared on television talk shows to discuss the issue.

The president is trying to avoid broad-based levies such as a Senate proposal to tax some employer-provided health benefits Axelrod said. Instead he is urging lawmakers to reconsider limiting all tax deductions for Americans in the highest tax brackets.

This will drive capital out of the country and damage the incentive to work hard and make money. And don’t be surprised if the definition of “wealthy” gets set real low. My guess is it will be just above whatever Congress makes.

In the Senate, health committee chairman Edward Kennedy has an early draft of legislation that also includes a so-called “individual mandate,” and would require all employers to supply health insurance for workers or contribute to the cost of a plan.

Kennedy, a Massachusetts Democrat, would also create a public health plan to compete with private insurers, a priority of Obama’s that is opposed by Republicans, and would bar insurers from limiting coverage.

The effort to overhaul health-care would affect a sector that makes up 17 percent of the U.S. economy.

Jobs will migrate toward working on a contract basis.