Rangel’s healthcare legislation would waste billions|Onenewsnow
A Georgia congressman and doctor says there is a healthcare financing crisis in America that must be addressed, but the government takeover being proposed by congressional Democrats and President Obama is not the answer.
Legislation introduced yesterday by House Ways and Means Committee chairman Charlie Rangel (D-New York) would impose higher taxes on Americans earning more than $350,000 to help pay for a new government-run healthcare plan. According to Rangel, the 852-page bill [PDF]would raise $540 billion over the next decade by imposing a one-percent “surtax” on Americans with $350,000 annual income. Higher rates would take effect for people earning $500,000 and $1 million.
Congressman Dr. Paul Broun (R-Georgia) warns that 120 million Americans could lose their current coverage because of the government-run plan. He says there are some “frightening figures” that need to be made public.
Rep. Paul Broun (R-GA)”One-point-seven-million — that’s the number of jobs that could be lost as the result of taxes on businesses that cannot afford to provide healthcare insurance coverage. Trillions of dollars,” he notes. “We’re breaking the bank in new federal spending. Ten-billion dollars — this will be the minimum loss sustained by you, the taxpayer, each year due to Medicare fraud.”
