Tax on Wealthy, Medicare Payments to Docs Fuel Health-Bill Debate
July 20th, 2009 | Author: admin
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All eyes will remain on the plan to overhaul the health-care system this week, notes the Washington Post , though the Obama administration’s goal to have both the House and Senate deliver a bill to the president by August has softened, according to the New York Times . One of the issues highlighted in this morning’s health-reform coverage is the tax surcharge on wealthy Americans contained in the House bill . Currently, the bill proposes a tax increase on individuals making more than $280,000 and families making more than $350,000 a year. House Speaker Nancy Pelosi told Politico that she thinks the income threshold should be raised to individuals making $500,000 and families making $1 million annually “so it’s a millionaires tax.” She also said that much of health overhaul could be paid for by draining money from industry stakeholders like hospitals, drug makers and health insurers, though she’s not certain that they’re willing to cooperate and contribute more to the plan, notes Politico
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Tax on Wealthy, Medicare Payments to Docs Fuel Health-Bill Debate