Thursday, September 3, 2009

The New Media Journal | Democrats Target High Earners to Help Fund Health Plan

The New Media Journal | Democrats Target High Earners to Help Fund Health Plan: "Senate Democrats are revisiting proposals to raise taxes on high-income people to help pay for an overhaul of the health-care system.

The main proposal getting renewed attention is one by President Barack Obama that would limit the federal tax deductions for higher-income families for mortgage interest and other widely claimed purposes, said two senior Senate Democratic aides.

The development reflects a hardening of partisan lines in the effort to forge a health-care bill. Raising taxes on the wealthy was regarded as a virtual deal-breaker for Senate Republicans engaged in negotiations over the spring and summer. So Senate Democrats steered clear of such an approach.

'Bluntly...the idea of getting Republicans on board [a health-care overhaul] is becoming much more fantastical, so some ideas that were jettisoned for that reason are coming back,' said one aide."

No comments:

Post a Comment

Spamming will be removed.

Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.

Note: Only a member of this blog may post a comment.