Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
The Education and Workforce Committee holds hearing on NLRB "Recess" Appointments http://t.co/2ED4u4t8
taxreformer
Senate Highway Bill Violates Taxpayer Protection Pledge http://t.co/z7IETuQT
taxreformer
OK Gov. Mary Fallin Releases Bold Tax Reform Plan http://t.co/oRPWYGKb
taxreformer
Senator Hatch looks to improve the Senate's Highway Bill http://t.co/rOZQENlQ
taxreformer
Senator Hatch tries to make a bad bill better http://t.co/F6VYT9NI
taxreformer
ATR Opposes Retroactive Tax Hikes http://t.co/XX2lRMyH
taxreformer
Has your Governor Issued a Proclamation Honoring Ronald Reagan on Feb 6th ? http://t.co/bHatxoTg
taxreformer
RT @timothy_stanley: Just interviewed @GroverNorquist. Flipped my view of the recession/election: recovery due to stopping Obama tax hik ...
timothy_stanley
RT @GroverNorquist: Reagan Birthday proclamations by 34 Governors, both R and D (Utah & Nevada just joined) 16 bitter D Govs fail test o ...
GroverNorquist
CoGC: House Republicans Lead on Budget Honesty http://t.co/wHJpzOC1
taxreformer
The Chairman of the White House Council of Economic Advisors, Christina Roemer, may have created a headache for President Obama yesterday.
While speaking to the ultra-liberal Center for American Progress, Roemer had this to say about the Senate's idea for a 40% tax on health insurance plans that exceed $26,000 in cost ($8000 for individuals):
“A policy such as this [the 40% Cadillac excise tax] is probably the number-one item that health economists across the political spectrum believe is likely to stem the explosion of healthcare costs.”
Notice how the "number one item" isn't anything that puts consumers in charge of their own healthcare (like health savings accounts or interstate purchase of health insurance). No, it's a new tax on existing health insurance plans. It seems as if the solution to everything for some people is a tax increase.
Roemer's endorsement of this tax is the strongest yet to come out of the White House. It's sure to cause some consternation among labor unions (who sponsor these type of plans), and the House Democrat leadership (which has flatly ruled out such a tax in their version of reform).
For a list of all the tax hikes that might find their way into Harry Reid's Senate bill, click here. These are the ones which violate President Obama's promise not to raise "any form" of taxes on families making less than $250,000.