So now the real question when it comes to these healthcare schemes is how to pay for it. Well, it didn't take long for the Democrats to come up with a plan: tax the rich. What other way is there?
President Obama wants Congress to consider the idea of taxing the wealthy instead of his supporters. Remember that there is a plan floating around out there, initially proposed by John McCain during the campaign, to tax employee healthcare benefits. The Obama administration had been considering the idea, but it seems as though Obama is going to go the easy route of demagoging the evil rich.
Specifics? Well he wants Congress to consider "limited tax deductions for Americans in the highest tax brackets." Now notice the language ... Obama and the Democrats will never, ever call this a tax increase. Nope. They will stick with the line that they want to limit tax deductions. PrezBO's plan is to attack the two highest tax brackets (36% and 39.6%): He wants to set a 28% cap on tax deductions. This would include mortgage interest, investment expenses and charitable donations. Once your deductions amount to 28% of your taxable income, the deductions end. Obama may not believe in a war on terror, but he sure believes in waging war on private charities! And why not? After all, these private charities are competing with government. That just can't be allowed to happen.