This shouldn't come as a shock to you. Barack Obama and the Democrats are insistent on making you more dependent on the government. Their current plan on how to make this happen is to convince you that you need the government to provide you healthcare. But reality is starting to set in and guess what? Obama's grand plans are going to be a LOT more expensive than originally anticipated. The original estimate from the Obama administration was $634 billion, but that may pay for only half the cost. We are now talking an upfront tab of up to $1.5 trillion over a 10 year period.
As of right now, the Obama administration is sticking with its figure of $634 billion. What they've realized is that they didn't raise enough taxes to pay for it. They need more tax dollars. Obama's original spending cuts will only actually save about $309 billion and tax increases will only raise about $267 billion. That's leaves a gap of about $60 billion that the administration has to take from your wallet at the point of a gun.
Today the administration will reveal the details of plan B ... a revamp of its tax objectives in order to make-up the difference for this healthcare scam.
We know that Obama will propose $60 billion in new tax increases over 10 years on wealthy estates, businesses and others. So the evil rich, the corporations and business owners will shoulder the burden of payment in order to fund the dreams and schemes of Barack Obama's great government expansion and dependency. More specifically, Obama would tighten estate-tax rules that would give taxpayers less flexibility to minimize liabilities on inherited goods. Another part of the plan would require businesses that make payments to corporations to report these payments to the IRS. The goal is to make sure that evil corporations are reporting all their taxable income.
Another way Obama may try to raise extra cash to pay for this plan is to tax health insurance benefits provided by private employers. This may sound familiar to you ... it was John McCain's plan during the presidential campaign. If health insurance was taxed as regular income, the government could potentially collect another $250 billion each year.
Another way to get more money to pay for this scheme is to do it the Hillary Clinton way: require that every US citizen has medical insurance. Or to put it another way ... make it illegal to be without health insurance.
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