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"AsK  God To Save The USA  This Country  From Distruction   That   Two  Pathethic  Polictal  Parties  Have  Almost Destroyed  Meaning  Republicans And Democracts"

How Does The Middle Class Feel , About The Tax Hike Placed On Them And Not The Rich?

 

Obama officials say middle class may face tax hike to reduce deficit, pay for health care
By PHILIP ELLIOTT , Associated Press
Last update: August 3, 2009 - 5:27 AM

I personally want to see this health care plan of President Obama's people on the internet, in it's final version, 7 days before our United … read more States Congress is going to vote on it. I think many United States citizens are intellegent enough to understand what is in it. Please, please, put this on the internet in it's final version as soon as possible.

WASHINGTON - Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system.
The tough talk from Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers on Sunday capped a week that brought rare good news for the economy: The worst recession in the United States since World War II could be on the verge of ending. Even so, officials appeared willing to extend unemployment benefits.
Geithner and Summers both sidestepped questions on Obama's intentions about taxes. Geithner said the White House was not ready to rule out a tax hike to reduce the federal deficit; Summers said Obama's proposed health care overhaul needs funding from somewhere.
"There is a lot that can happen over time," Summers said, adding that the administration believes "it is never a good idea to absolutely rule things out, no matter what."
During his presidential campaign, Obama repeatedly pledged "you will not see any of your taxes increase one single dime." But the simple reality remains that his ambitious overhaul of how Americans receive health care — promised without increasing the federal deficit — must be paid for.
"If we want an economy that's going to grow in the future, people have to understand we have to bring those deficits down. And it's going to be difficult, hard for us to do. And the path to that is through health care reform," Geithner said. "We're not at the point yet where we're going to make a judgment about what it's going to take."
On Friday, a report detailed the economy dipped only slightly in the second quarter of this year — falling at a 1 percent annual pace, better than expected. The government report permitted optimism that the economic downturn is approaching its end




 

 

 

 

 

 


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1 helpful answer

It's fine to be either slow or fast. Whatever you do, don't be "half fast!"

How do I feel?

1. Had I voted for the guy, I would feel totally betrayed.

2. Since I did not, I feel I have the right to say "I told you so."

I have traveled to Canada many times since 1971 on both business and pleasure. I have never heard anything while there about any good points contained within their form of socialized medicine. In fact, when in Florida in February 1993, I met a college prof from Montreal who was in Ft Lauderdale for cancer surgery.

When asked why he paid for the procedure out of his own pocket in the USA rather than having it done "free" in Canada, he gave three reasons: 1) I would have had to wait too long to see the specialist the government said I had to see,"  2) "I would have been dead before the surgery could have been scheduled." and 3) "The doctors and facilities are so much better in the States."

He also said we are "nuts" if we allow the politicians to impose any form of socialized medicine upon us in the USA. Those words haunt me today.

Thank you for posting this question. May your mailbox "overfloweth." I have yet to meet a single soul in our neck of the woods that favors this plan!

 

Posted 2009-08-04T18:06:10Z
old engineer was invited by Yedda to answer this question.

 
7 helpful answers

Stay focused and get the job done right the first time. 

I think you may be a bit uninformed about how Obama wants to pay for his national healthcare program.  For example, he is proposing a surtax on everyone making over $500K per year up to an additional 5.4% of taxable income for those making over $1 Million per year.  Another piece of data for you.  Almost 50% of Americans pay no income tax and, therefore, will not be helping to pay for any government activity including this healthcare program, so for them, they will support almost any government program because to them, it is free.  Do you think that is OK?  Do you think that the upper 1% of our population should be paying over 75% of federal and state income taxes?  Which by the way is the case.  What is being proposed by Obama is a federally run healthcare insurance program that will eventually replace the current privately run insurance companies.  Now, think about this,...what major program of any kind has the federal government run that actually is successful within their originally forecasted budget?  The answer is NONE!!  What is being proposed is to upset the current health insurance system by replacing it with a government run single payer program.  Now, think about  this...if there is only one place to go to get insurance, what will motivate the government to manage their expenses and keep the program efficient and cost effective?  It is like the postal service which comes in every year and increases the cost of stamps to help cover their expenses.  What will make a government healthcare insurance program any different?  The only way to control the costs of any product or service is to have open competition between providers where we (the American people) can select the one that we think is the best for us on an individual or family basis.  Yes, Obama keeps saying that we will be able to keep our current provider, however, over time, that will not be the case.  The government will eventually either through mandate or undermining of competitors (through subsidies paid for by taxpayers) to the point where: (1) company provided healthcare insurance will go by the wayside because these companies (many of them small businesses) will drop their providers and put their employees into the government program which will be less expensive for the company itself and the employees will have no say in this decision, and then, (2) once we only have one provider (the government),  then the whole ball game changes, and the bureacrats in Washington (who have no experience running a healthcare program) will now dictate who gets what care, what doctors are going to get paid for their services and expertise, what hospitals can charge for different costs, etc. This will also happen to the Medicap insurance that seniors currently by from private providers.  These companies may also go out of business or their coverage will be compromised or their costs will be substantially increased. The government will not want those on Medicare to have anything other then the government program.  It will become a government run monopoly..and we all know that a monopoly is BAD.  So, think about all of this and ask yourself what would be better: (1) Our current healthcare system with some changes to fix the inherent problems that we all know about, or (2) a monopolistic healthcare system run by the federal government. Think this over and do not jump to any conclusion.  Go to some of the websites that have the program laid out for you to understand.  Try the Heritage Foundation first because they have a great research department.  Let us know what you would do after you have all of the information at hand.   

Posted 2009-08-04T18:25:33Z
Dave was invited by Yedda to answer this question.

 
12 helpful answers

bluebird, loves birds  KIDS  and decent people... caring and loving.. and puppy dogs... we have plenty

before i went on Medicare i used the low cost clinic's man by those who were serving their time out to pay the government or misfits that had to travel 200 miles from home and stay in a motel 4 days to man the clinic... a foreign at that with a bead between her head, hateful, and uncaring.... we had one precious doctor, but within a year he was gone..... the place was hateful, spiteful, and dangerous....for the government's money.... i pray his medical deal isn't such...or they demand no misfits that can't make it in their own area....

Posted 2009-08-08T23:42:19Z
bluebird was invited by Yedda to answer this question.

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74 helpful answers

"AsK  God To Save The USA  This Country  From Distruction   That   Two  Pathethic  Polictal  Parties  Have  Almost Destroyed  Meaning  Republicans And Democracts"

Thanks  for   responding  to  my  question , Well  appreciated  I think it's   a  shame   America  has  to be in  such  a  predictment  that  it is I  think   America  would  be better  off  if  they  would  all compromise on  things   But  it  doesn't   look  like  them things are going  to  happen ,  Many people were  on  T.V.  complaining about  what's   happening  to  our  medical  care  and all  that stuff , I just think   Obama  Stooped  over  his  head  too much,  At  such a  early time  in  his  years  as  Senator ,  I   has much  as  people  would not like  her  , I think  Hillary Clinton   would  have had this country  in better   shape  than  what  it is  now , She  is  60 years old ,  And is great  shape  for  a  60 year  old  woman , Hillary Clinton  is very remarkable 

Posted 2009-08-09T01:16:12Z
 
28 helpful answers

The question itself is false. I personally saw the interview and not one word was said about  tax exemptions/reductions for those couples having annual incomes above$250,000 dollars a year Indeed, the incomes of these people will be increased as promised. The problem begins at that level. And the latest reports  on bank leaders hauling in huge salaries and bonuses yet again, would make any type of tax increase to those below the level promised,highly repugnant.

Posted 2009-09-20T01:44:48Z
Bags was invited by Yedda to answer this question.

 
30 helpful answers

Vroom! Vroom!

I just saw AGAIN on MSNBC that the tax hike is going for people making an annual salary of $500k. Won't effect the middle people.

Is there a rumor mill? Is there an attendant in this mill who sit and think of rumors to create? Because I always wondered where these rumors come from. Some of them ARE far-fetched. Maybe the rumor mill attendant needs a vacation or write a sci-fi novel because there is a wildly, vivid imagination working here. LOL

Posted 2009-10-29T07:50:54Z
IamQweenBee was invited by Yedda to answer this question.

 
7 helpful answers

Stay focused and get the job done right the first time. 

Smoke and mirrors is the modus operandi in the Obama government.  They know that our tax structure cannot afford all of these new programs without being changed dramatically, however, it will be done in a hundred ways, most of which will be hidden from the majority of the public.  Even if they took all of the income from those making over $500K per year let alone increase their tax rate, the country would still not be able to pay its bills. This current administration wants to create a financial disaster in this country which will force us to do whatever they want us to do to survive.  They want to CONTROL all of us, especially those that create jobs for most of us.  Once they have control of the financial institutions, the biggest companies, our healthcare system, the small business community, etc., they have control of us.  They will then dictate our whole lives.  Where we live, what we eat, what we drive, what we wear, who gets medical care and when, what we earn, what we can buy, etc.  It is socialism to the extreme.  They will imbinge on all of our personal freedoms to the extent that we essentially will either work in a government agency, or will be under the scrutiny and control of a government agency. 

We are at a fork in the road for this country and we are on a short fuse.  If we do not throw out the politicians in Washington who are supporting this transformation of the USA in the next two election cycles, then we deserve what we are going to get, and we will no longer be the America that we all love.  Unless we throw out these marist/communists, our best days will have been behind us for those of us that have been carrying this country for the last several decades. 

Those Americans that have been living off of those of us that pay taxes will be happy.  They will get more handouts then ever and their life will be better.  Maybe we all should go on welfare and live off the taxpayers.  But wait, if that were to happen, where would the money to run the government come from???  Uh-Oh..maybe we have a problem??

Posted 2009-10-29T13:48:15Z
Dave was invited by Yedda to answer this question.

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