The Pelosi/Reid Deception

 

The deception is that their proposed health care plan will begin collecting taxes in 2010 but not provide any benefits until 2014, despite the urgent pleas that we have to do something right now because Americans are hurting!  This will go unnoticed by the vast majority of American people; all they will understand is that the bill passed and now they don’t have to hear any more about it.  The depth of the deception is made clear by this chart that I stumbled across here (click to embiggen):

 

 

The timing of the increases is no accident.  There is no increase at all in 2010, during the Congressional midterm elections.  There is no significant increase in 2012, when Obama stands for reelection.  There is a huge acceleration in 2014, half way into Obama’s 2nd term (if there is one) but things really get cranked up in 2016 as Obama enters the home stretch of his final term in office.  Presumably, he will be leaving a mess for his successor to clean up, since this whole plan and its ridiculous cost virtually assures a stagnant economy and job market for the foreseeable future.

I really don’t know what they are thinking.  I wish just one of the three, Pelosi, Reid or Obama, had ever met a payroll so that they could understand what they are doing to us.  For a good example of what these government imposed higher costs do to a small business (hell, to any business), read this article that the AP ran yesterday.  This is how Atlas shrugs:

 

• Chuck Ferrar, who owns a liquor store in Annapolis, Md., expects to pay $9,000 in unemployment taxes next year, up from $3,000 this year. Health care costs for his employees will rise by $8,000, or 17.5 percent. "When you start adding this up, it turns into real money," he said. "If I lose an employee through attrition, I will not replace him. You can't afford to do it."

• Sam Schlosser, owner of Plymouth Foundry Inc. in Plymouth, Ind., said his unemployment tax bill could double next year. Revenue at the family-owned company, which makes iron castings for machine parts, has fallen about 50 percent, he said. In case of higher taxes, his company may have to consider layoffs, he said.

• Marjorie Feldman-Wood, president of Al's Beverages in East Windsor, Conn., which makes soda fountain syrup, said higher taxes would make pay raises less likely. Connecticut is borrowing from the federal government, and employers fear the state will have to raise taxes soon to repay the loan. "There's only so much money at the end of the day," she said.

Callous children.