This week, Nancy Pelosi and her myrmidons will work on their plans to pay for healthcare reform ... and you know they're just busting their guts to throw out some good old Democrat tax increases. Keep in mind that these are tax increases ON TOP of the increases that will come into effect when the Bush tax cuts expire.
But Nancy Pelosi has found herself trying to balance the egos of her Democrat Caucus and her union supporters. She has done this by suggesting a tax increase on "Cadillac" insurance plans. This type of tax is more popular in the Senate. In fact, the Baucus bill includes a 40% tax on insurers for plans worth more than $8,000 for individuals and $21,000 for families.
As of right now, none of the plans include an income surtax on the wealthy to pay the difference for these Democrat dreams and schemes. But who knows what she will propose this week. She may propose a tax on the evil, disgusting, vile rich people who dare to earn more than $500,000.
All we can be sure of is the fact that wealth envy is going to rear its ugly head again. I hope you are ready for it.