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Health care tax hikes for 2013 may be just a start
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 961432:MV8yMDk0MDUwXzM1MjU3NTk5XzQ4RERERkVC] [quote:Anonymous Coward 28886687:MV8yMDk0MDUwXzM1MjU2ODc0XzE4OEI3QUVF] Taxation will solve all the problems. [/quote] True. If they decide on taxation to "solve the problems" then the bond market will force austerity or interest rates will rise, becoming an exponentially increasingly larger percentage of the budget mandating more deficit spending and debt forcing interest rates higher. Meanwhile higher taxes will reduce discretionary spending in an economy where 70% is based on consumer spending, thus reducing GDP and lowering wages thus lowering taxes they hoped to receive mandating more deficit spending - see above. Finally they will open the printing presses full steam destroying the dollar and plunging the world into a cataclysmic collapse the likes unseen thus solving the budget problems. [/quote]
Original Message
New taxes are coming Jan. 1 to help finance President Barack Obama's health care overhaul. Most people may not notice. But they will pay attention if Congress decides to start taxing employer-sponsored health insurance, one of the options in play if lawmakers can ever agree on a budget deal to reduce federal deficits.
[
link to news.yahoo.com
]
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