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Tax on Wealthy in Health Care Bill Will Creep Down Income Scale

The main revenue source for the House health care bill is not indexed for inflation, meaning that more and more people each year will face a tax that is being sold as a levy on millionaires.

It’s a significant change in approach that will help align revenues and costs in the latest version of the bill, but it will invite criticism and comparisons to the alternative minimum tax, which has affected far more people than it was supposed to.

http://www.cqpolitics.com/wmspage.cfm?parm1=5&docID=cqmidday-000003234708

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October 29, 2009 - Posted by | Federal Government, healthcare | , , ,

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