The Undertaker wants to tax you to death !
Reid’s Payroll Tax Deception [
Yuval Levin]
The health-care bill the Senate will take up after Thanksgiving offers so many rich targets for criticism it’s hard to know where to start. But the folks over at e21 offer a great
brief analysis of one of the most dishonest and cynical ploys in the bill — the increase in the Medicare payroll tax, which would raise money not for Medicare but for the new health-care entitlement (though, thanks to an accounting gimmick, would nonetheless also be counted as part of the Medicare Trust Fund), and which would not be indexed for inflation, and so would raise taxes on more and more workers each year.
And more generally, if you haven’t discovered e21 yet, you should take a look at the rest of
their site. It’s a great one-stop shop for both accessible economic analysis and the best new pro-market economic ideas.
Charles Krauthammer discusses the politics of the Senate:You asked what Blanche Lincoln of Arkansas will ask for. Well, after watching Louisiana get $100 million in what have some have called "The Louisiana Purchase," she ought to ask for $500 million at least.
Obama said he would end business as usual in Washington. If you look at section 2006, the Louisiana money, it looks as if it is a provision for all states which have had a proclamation of a disaster area in the last seven years — and then the fine print inside eliminates all the others except Louisiana. It's a new kind of business as usual. ...
There is almost no way imaginable that the vote [to allow debate to proceed on the health-care bill] will fail tomorrow. If it is, it is the ultimate humiliation [for Obama]. It's the rejection of the debate even before it starts.
The Democrats, even Lincoln who will have to be [up] for reelection, will have a second shot at killing the bill later, after the amendments. …
Now, you've got [Sen. Ben] Nelson, who is against the abortion provisions. He will allow debate, but if it's [the abortion language] not changed in the course of these amendments, he will oppose the bill at the end, which is why I think the bill at the end is going to strip out all the abortion stuff.
And then on the … public option, they're going to lose [Sen. Joe] Lieberman in the end — not tomorrow night — but in the end if it stays in. But they could possibly gain Olympia Snowe of Maine if a trigger [for the public option] is in.
So it can in the end pass, but it has to be amended in precisely the right way.