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How Will Democrats Pay for Health Care? Hint: It Has Something to Do with Raising Taxes

Max Baucus on how to pay for health care


By CARRIE BUDOFF BROWN & DAVID ROGERS | 7/9/09 7:19 PM EDT

Senate Finance Committee Chairman Max Baucus (D-Mont.) presented his members Thursday with more than a dozen ways to pay for health care legislation, ranging from new fees on industry to an income-tax hike on couples making more than $1 million a year.

Faced with a $320 billion hole in his reform plan, Baucus revisited options that were considered in the past, but never emerged as top-tier options because he believed taxing employer-provided health benefits was the best way to provide that revenue.

http://www.politico.com/news/stories/0709/24752.html

Rangel said this:

House to target wealthy to pay for healthcare
Posted: 07/10/09 04:26 PM [ET]
The House will propose raising taxes on people earning more than $350,000 a year to pay $540 billion for healthcare reform, Ways and Means Committee Chairman Charlie Rangel (D-N.Y.) said Friday.

House Democrats had been weighing a plethora of other tax increases, such as levies on sugary soft drinks and alcohol, that raised hackles within their caucus.

http://thehill.com/leading-the-news/house-eyes-540-billion-high-income-tax-for-healthcare-2009-07-10.html
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