Submit your comments on this article | |
Home Front: Politix | |
Biden to seek Medicare tax hike on wealthy Americans to fund program through 2050 | |
2023-03-08 | |
![]() will seek to hike taxes on the wealthy and advocate for additional drug price negotiations to keep Medicare funded through at least 2050, the White House said Tuesday. Biden will propose a tax increase from 3.8% to 5% on earned and unearned income above $400,000 as part of a package aimed at extending the solvency of Medicare’s Hospital Insurance Trust Fund by at least 25 years, according to a White House statement. "Let’s ask the wealthiest to pay just a little bit more of their fair share, to strengthen Medicare for everyone over the long term," Biden wrote separately in a New York Times ![]() ... which still proudly displays Walter Duranty's Pulitzer prize... guest essay. Biden has sought to link Republicans to the idea of cutting funding for the insurance program for seniors and the disabled as part of negotiations over increasing the US’ $31.4 trillion debt limit. The Democrat has pledged to offer his vision for funding Medicare and challenged Republicans to offer their own. | |
Posted by:Fred |
#4 So Medicare is like the public schools: You will be taxed for it whether you use it or not, no matter how wasteful and inefficient it is. It's a government monopoly on a business in which the government has no legitimate business. There is no competition and no accountability, just a bunch of anonymous bureaucrats making decisions about your health and putting a gun to your head to make sure you pay. |
Posted by: Abu Uluque 2023-03-08 13:03 |
#3 I don’t like the proposal, but it was coherent. I am sure the administration is not out of stupid ideas. |
Posted by: Super Hose 2023-03-08 11:36 |
#2 I am not wealthy but I already pay taxes on my Social Security. Medicare is deducted from Social Security but I don't get to deduct Medicare from Social Security when filing my tax return so I am already paying taxes on Medicare. With Slow Joe's definition of wealthy I may very well be taxed into poverty. |
Posted by: Deacon Blues 2023-03-08 10:19 |
#1 One thing the Left can't do is prioritize where to expend what resources they already collect. Living within one's means is like holy water to blood sucking vampires. |
Posted by: Procopius2k 2023-03-08 07:52 |