Higher taxes in health care bill than previously thought.

[Soul Crusher]

Higher taxes in health care bill
By ERICA WERNER (AP) – 4 hours ago

WASHINGTON — Congressional tax experts say Senate health care legislation would impose $29 billion more in taxes on health care industries than originally thought.

The Joint Committee on Taxation says drug companies, medical device manufacturers and insurers would pay $121 billion over 10 years as a result of taxes in the Senate Finance Committee bill.

That's compared with $92 billion originally calculated.

The tax experts said the reason for the change is that the companies won't be able to deduct the fees from their corporate income taxes.

The new numbers come Tuesday as the Finance Committee is preparing to vote on the bill and could bolster GOP arguments that it contains too many new taxes.

Copyright © 2009 The Associated Press. All rights reserved.

________________________ ____________________-

This coming depression will be solely the handiwork of the dems running the congress and white house.  To raise taxes now is preposterous. 

[Kazan]

Well they either don't know what they are doing or they know exactly what they are doing. Not sure which is more troubling

[Soul Crusher]

Well they either don't know what they are doing or they know exactly what they are doing. Not sure which is more troubling

I wish Kool Aide & Gang would for once defend this crap.

[shootfighter1]

And this is irresponsible.  This should be front page news for all to see.  They should be trying to increase healthcare coverage and reduce cost.  Why the hell would they get tax revenue if this is supposed to help people?  Government is greedy and needs money from any source they can get it.  Those costs will be passed down and the working Americans will have to pay, again.