And the left wants us to pay the mother of all tax hikes to pay for universal healthcare which recent polls indicate only 35% of the citizenry support.

* An income surtax on taxpayers earning more than $500,000 a year,[1]
* An excise tax on high-cost “Cadillac” health insurance plans that cost more than $8,500 a year for individuals or $21,000 for families,[2]
* An excise tax on medical devices such as wheelchairs, breast pumps, and syringes used by diabetics for insulin injections,[3]
* A cap on the exclusion of employer-provided health insurance without offsetting tax cuts,[4]
* A limit on itemized deductions for taxpayers with a top income tax rate greater than 28 percent,[5]
* A windfall profits tax on health insurance companies,[6]
* A value-added tax, which would tax the value added to a product at each stage of production,[7]
* An increase in the Medicare portion of the payroll tax to 3.4 percent for incomes great than $200,000 a year ($250,000 for married filers),[8]
* An excise tax on sugar-sweetened beverages including non-diet soda and sports drinks,[9]
* Higher taxes on alcoholic beverages including beer, wine, and spirits,[10]
* A tax on individuals without acceptable health care coverage of up to 2.5 percent of their adjusted gross income,[11]
* A limit on contributions to health savings accounts,[12]
* An 8 percent tax on all wages paid by employers that do not provide their employees health insurance that satisfies the requirements defined by the Secretary of Health and Human Services,[13]
* A limit on contributions to flexible spending arrangements,[14]
* Elimination of the deduction for expenses associated with Medicare Part D subsidies,[15]
* An increase in taxes on international businesses,[16]
* Elimination of the tax credits paper companies take for biofuels they create in their production process–the so-called “Black Liquor credit,”[17]
* Fees on insured and self-insured health plans,[18]
* A limit or repeal of the itemized deduction for medical expenses,[19]
* A limit on the Qualified Medical Expense definition,[20]
* An increase in the payroll taxes on students,[21]
* An extension of the Medicare payroll tax to all state and local government employees,[22]
* An increase in taxes on hospitals,[23]
* An increase in the estate tax,[24]
* Increased efforts to close the mythical “tax gap,”[25]
* A 5 percent tax on cosmetic surgery and similar procedures such as Botox treatments, tummy tucks, and face lifts,[26]
* A tax on drug companies,[27]
* An increase in the corporate tax on providers of health insurance,[28] and
* A $500,000 deduction limitation for the compensation paid by health insurance companies to their officers, employees, and directors.[29]

This entry was posted on Monday, November 23rd, 2009 at 7:16 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.