
The Healthcare Tax Increases
“So tonight, to you, the great silent majority of Americans, I ask for your support.” – President Richard Nixon, November 3, 1969
However, this time, I think that the majority of Americans who in every poll oppose this health care travesty are not and will not be silent. I thank you for that. And remember, there is strong bipartisan opposition to this bill. The partisan side is the extreme left wing of the Democratic Party who are driving this thing and will not work together with the rest of us who want to go in a direction which will not hasten our economic failure. The word is that Speaker Pelosi still has not persuaded enough Democrats to vote for the bill against their constituents and in many cases against their own beliefs.
Tax Increases: The “final” bill came out yesterday afternoon. Here is a partial list of the tax increases included in this reprehensible and immoral bill:
A new 3.6% tax on all investment income including capital gains. That means that the capital gains tax rate (including California state tax) will rise to 33.9%. The tax on dividend income will rise from 15% today to 53.7% including California tax. … Read More