It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
If you make big bucks — or enjoy alcohol, cigarettes and Coke — the government might hit you up to pay for fixing the nation’s health care system.
On Tuesday, the Senate Finance Committee peeked into vending machines and liquor stores, company payrolls and health savings accounts, looking for a mix of tax increases and spending cuts as a way to pay for a health overhaul — which could cost more than $1.5 trillion over 10 years.
Experts thought the big debate might be public plan vs. no public plan. But that may well pale in comparison to the difficulty of settling on a way to finance health care reform.
“I wish there were a number of painless options,” Robert Greenstein, executive director of the Center on Budget and Policy Priorities, wrote in his prepared testimony. “There aren’t.”
There appeared to be a bubble of support among the experts for taxing bad behavior, including a $2 tax on a pack of cigarettes and a higher excise tax on alcohol.
But soda and sugary drinks found a friend Tuesday in Sen. Chuck Grassley (R-Iowa), the ranking member on the Finance Committee.
Still, it’s easy to see why the bad-habits tax was so tempting: Taxing tobacco, junk foods and alcohol could raise $600 billion over 10 years.
Lots of other options will also get a look.
People who like the tax-free status of their company health benefits could be asked to ante up. Money in the pot: more than $700 billion over 10 years.
Treasure the tax benefits from your health savings account? Some experts say the accounts encourage “excess consumption” of health services — and committee Chairman Max Baucus (D-Mont.) agreed they’re worth a look. Money in the pot: $60 billion over 10 years.
Non-health-related items remain in the mix, including capping the deduction on charitable donations, which received a chilly welcome on Capitol Hill after President Barack Obama proposed it in his budget.
“The proposals that we have discussed,” Baucus said, “will not come easily. The reforms that we are planning are not cheap. ... Finding money that we can all agree on will not be easy.”
Baucus gave one of the clearest signals yet that limiting the tax-free status on employer-based insurance remains a serious option. Obama opposed it during the campaign and repeatedly went after Republican John McCain for making it the centerpiece of his health care plan. Labor unions are also against it.
Yet the idea is attractive because of the money it could generate: $250 billion annually if the deduction was lifted altogether. Baucus insisted a full repeal was not under consideration, but he said lawmakers must look at the deduction.
Originally posted by Bombeni
Well I guess cigarettes and whatever else they are going to use to rob American people will have to go black market soon.
Originally posted by JohnnyCanuck
Originally posted by Bombeni
Well I guess cigarettes and whatever else they are going to use to rob American people will have to go black market soon.
I'm thinking, though, that so-called "sin taxes" are fairly appropriate if they go to the right place...like cigarette taxes into health care. Then again, you still can't get big Tobacco to pony up the social costs of their product.
Same goes for junk foods...using sugars, fats, salts and neuro-exciters like MSG and Aspartame, all cheap stuff, to make a gazillion dollars and leave it to the taxpayer to fund the eventual costs.
Somebody's gotta pay, Lucy...
Originally posted by Bombeni
Who decides what the sin products are? If that is the thinking then I demand they put a 20 dollar tax on every porno magazine and porno video sold; imo these items perpetuate sex crimes against women and children.
Now Congress and Obama have their eyes on the Internet to help fund more government spending — because most U.S. States are pushing for the new tax rules that require federal oversight — and Washington is ready and willing to help. Congress is expected to introduce a bill this week that would require Amazon.com, L.L. Bean, eBay, Cabela’s and other online merchants to collect sales tax on all online purchases and return that money to the state in which the purchaser resides — which may force business that make sales online to abide by the tax laws maintained by each and every state.
The new bill rewrites the ground rules for mail order and Internet sales by eliminating what its supporters view as a “loophole” that, in many cases, allows Americans to shop over the Internet without paying sales taxes.
Originally posted by JohnnyCanuck
Originally posted by Bombeni
Who decides what the sin products are? If that is the thinking then I demand they put a 20 dollar tax on every porno magazine and porno video sold; imo these items perpetuate sex crimes against women and children.
Opinion, yes...you can't prove that.
If you can, then by all means, go for it. Call your legislators and tell them so.
Originally posted by BombeniI know the American people are slow to react but if the govt. goes thru with a 2 dollar addl. tax on cigs and taxes soda etc. I really believe they will have a riot on their hands.
Originally posted by aimlessly
How about this idea.....
FIND THE $9 TRILLION DOLLARS THEY LOST!!!!!!!!!!!!!!!!!