Reply With Quote
Just went to their website. Interesting..
September 14, 2010, 12:28 pm
Promoting the Health Care Law as a Tax Cut
By REED ABELSON
If the new health care legislation remains intact, it could offer real money for a lot of Americans. Or so says a Families USA report released on Tuesday that estimates that nearly 29 million people will be eligible for tax credits under the law if they are buying private health insurance beginning in 2014.
The report, based on an analysis by the Lewin Group for Families USA, a consumer advocacy group that has been a strong proponent of the health care legislation, calculates that the credits could reduce family income taxes more than $110 billion in 2014 alone.
The credits are “a huge tax cut,” said Ron Pollack, the executive director of Families USA, in a conference call to discuss the report’s findings. “This is one of the largest middle-income tax cuts in history,” he said.
Of course, the Families USA report comes when growing attention is focused on the midterm elections, as some Republicans are not only angling to repeal all or part of the new health care law but also feuding with Democrats over whether the huge Bush-era tax cuts should be renewed. Promoting these tax credits under the health care law is also occurring alongside the Democratic administration’s efforts to highlight the legislation’s benefits for middle-income families. And some Democratic lawmakers have already seized on the report as evidence of how the new law will aid their cons uents across the country.
Many of the individuals eligible for the tax credit in 2014 may already have insurance, and more than half are likely to be working for small businesses, the report says. The credits are designed to take some of the financial burden off a family that would otherwise struggle to afford the cost of premiums. A family of four with an annual income of $60,000, for example, would be able to get tax relief of around $10,000 toward the purchase of a policy costing $15,000.
Families of four making up to $88,200, in current dollars, are eligible for the premium tax credits, according to the report.
==========
"Cram down" that in you lying right-wingers' throats.
Just went to their website. Interesting..
It appears that I don't qualify.
Oh well, a HUGE tax cut for some, I suppose.
Those 30 million pay 0 taxes anyway... How do you "cut" from 0? It's another en lement that the wealthier have to pay for.
Watch the s bag Repugs about this as an unfunded tax cut, and deficit nightmare.
America is a bankrupt fraud, anyway. Why not help the low-end out just a little bit? The super-wealthy have made out like thieves.
Besides, redistribution of wealth helps create jobs.
Self-inflicted lifestyle disease is a great job creator.
A report yesterday said obesity costs are $215B/year.
So boutons likes tax cuts now. How republican of him.
These tax cuts are really equalizing subsidies to self-employed people who have always had to pay for their own health insurance with post-tax income, unlike subsidized employees on company plans.
Rather than kill employer plans and make employees pay 100% of their own health insurance costs (a sure-fire way to make public option widely desired), they decided to subsidize self-employed, self-insured people.
The entire situation is a complete fraud, a ripoff by the health insurers and providers.
Only the foolishly myopic use cost as a metric of success in healthcare.
It's a symptom, not a cause.
So now those tax cuts are bad. Pick a side and stay there.
CG, pick an orifice and GFY
buttons got her feelings hurt.
so you still have to have it and pay it
it is not a tax cut
you do not get to spend the money you made for anything you want
actually it is a added EXPENSIVE
and guess what BOUTONS. THE OWNER OF THE BUSINESS NOW HAS TO PASS THAT EXPENSIVE ON TO YOU THE CUSTOMER.
HOW NICE OF THE PERSON IN THE WHITEHOUSE TO THINK OF YOU ON THAT HUH!
Any tax cut or credit occuring within the framework of deficit spending is nothing more than another loan against the future. Every dollar of revenue that is unrealized is a dollar to be mortgaged to a future payment.
Thanks, congressiots for simply kicking the problem down the line another generation instead of actually fixing the root causes.
thanks, ducks, for the "clarification". I'm demolished.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
