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Grassley Tweets Opposition To Taxing Wealth To Pay For Health Care

House leaders have proposed financing about half the cost of a health care reform bill with a surtax on wealthy people--and something like that might fly in the lower chamber. But in the Senate? Here's Sen. Chuck Grassley (R-IA), ranking member of the Senate Finance Committee, now trying to figure out how to pay for it's own reform legislation.

Translated, once again, from Grassley's famous twitterese, that reads: "Charles Rangel [chairman of the House Ways and Means committee, who first announced the tax proposal] the wealthy one percent make 27 percent of total income and pay 40 percent of collected income tax. You suggest a five percent health care surtax. How much will the beleaguered wealthy have to pay to satisfy you? Let's talk."

Grassley's committee was expected to propose taxing employer-provided health benefits benefits to finance a health care system overhaul, but that idea seems to have been put on ice, leaving the taxation averse panel without a funding mechanism for their incomplete bill. The House's bill will be unveiled today.


8 Comments

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Let me amend my previous acronym...

TWI -- Tweeting While Incontinent

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Beleagered wealthy? What a GD joke!!

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Exactly. Hey, Chuckles, do you think anyone but a wingnut dead-ender is going to read this statement:

the wealthy one percent make 27 percent of total income and pay 40 percent of collected income tax.

and focus on the second half instead of the first?

Anyone with a functioning brain will read that and think "the top one percent make 27% of the income in this country? Damn right they should pay to fix our healthcare system; the rest of us have gotten screwed so they could make their millions!"

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R's love to talk about income taxes, but never want to talk about other taxes. 80% of workers pay more in payroll taxes than they do income taxes. How hi payrl taxes go to satisfy u, CHK?

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You beat me to it. Figuring in payroll and other taxes, the poor and middle class pay FAR more in taxes than the rich do. Add to that the fact that wealth distribution has become enormously more polarized since Reagan began his slash and burn campaign, and the plain fact that high health insurance premiums are another kind of tax, and you see what a lie Grassley and his ilk are spewing, over and over again.

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Would some one pleas shor the senator this key "%"?

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show

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Tax them down to the middle class. We then use the money to build Obama's bottom up economy.

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