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Rubio: ‘ObamaCare’s Full Repeal Remains Our Ultimate Goal’
Rubio: ‘ObamaCare’s Full Repeal Remains Our Ultimate Goal’
Sen. Marco Rubio (R-FL) issued a statement following his vote Friday in favor of repealing the Affordable Care Act in what was the latest Republican-led effort to end the new health care law that failed in the Senate.
Rubio said in the statement that full repeal remains the GOP's "ultimate goal," but said he's pleased that 34 Democrats joined all Republican senators on Thursday to repeal the health care law's sales tax on medical devices.
http://livewire.talkingpointsmemo.com/entry/rubio-obamacares-repeal-gops-ultimate-goal
Sen. Marco Rubio (R-FL) issued a statement following his vote Friday in favor of repealing the Affordable Care Act in what was the latest Republican-led effort to end the new health care law that failed in the Senate.
Rubio said in the statement that full repeal remains the GOP's "ultimate goal," but said he's pleased that 34 Democrats joined all Republican senators on Thursday to repeal the health care law's sales tax on medical devices.
“One of the first votes I took when I arrived in Washington was to repeal ObamaCare, and today I voted again for its repeal because I firmly believe we need to get rid of this disastrous law. Leaving it in place will only leave job creators with uncertainty, patients with fewer health care options, and taxpayers with explosive taxes and costs.
“While ObamaCare’s full repeal remains our ultimate goal, last night I was encouraged that even most Democrats agreed that we should dismantle part of this job-killing law by repealing its tax on medical devices. By removing this burdensome ObamaCare tax, we will be one step closer to saving Americans billions of dollars and valuable jobs, and again expose this law for the flawed program it is.”
http://livewire.talkingpointsmemo.com/entry/rubio-obamacares-repeal-gops-ultimate-goal
Another Obamacare repeal vote down the drain
http://www.democraticunderground.com/10022551634
Worth repeating: Know why Republicans are so dead set against ACA? It did the unthinkable: raised taxes on the rich.
There is a debate about the impact of the recent tax deal, but simple arithmetic shows the reality.
Pre Bush tax cuts: lowest tax bracket 15 percent and top tax bracket 39.6 percent.
Bush tax cuts: lowest tax bracket 10 percent and top tax bracket 35 percent.
President Obama's tax deal, lowest rate 10 percent, top rate 39.6 percent.
Do the math and it will show that the gap between someone earning $50,000 and someone earning $500,000 closed to more than what it was in the 1990s. Add the health care law tax and the gap closes even more.
<...>
Perhaps the best prism through which to see the Democrats’ gains is inequality. In the 2008 campaign, Mr. Obama said that his top priority as president would be to “create bottom-up economic growth” and reduce inequality...In the 2009 stimulus, he insisted on making tax credits “fully refundable,” so that even people who did not make enough to pay much federal tax would benefit. The 2010 health care law overhaul was probably the biggest attack on inequality since it began rising in the 1970s, increasing taxes on businesses and the rich to pay for health insurance largely for the middle class.
http://www.nytimes.com/2013/01/03/us/politics/for-obama-fiscal-deal-is-a-victory-that-also-holds-risks.html
Perhaps the best prism through which to see the Democrats’ gains is inequality. In the 2008 campaign, Mr. Obama said that his top priority as president would be to “create bottom-up economic growth” and reduce inequality...In the 2009 stimulus, he insisted on making tax credits “fully refundable,” so that even people who did not make enough to pay much federal tax would benefit. The 2010 health care law overhaul was probably the biggest attack on inequality since it began rising in the 1970s, increasing taxes on businesses and the rich to pay for health insurance largely for the middle class.
http://www.nytimes.com/2013/01/03/us/politics/for-obama-fiscal-deal-is-a-victory-that-also-holds-risks.html
Obama and Redistribution
Some notes for myself: how much impact have Obama’s policies actually had on current and prospective inequality?
The main policies to consider are PPACA (the health reform) and ATRA (the fiscal cliff deal with its associated tax rise).
I’m not a fan of the Tax Foundation’s work, but their analysis of the distributional effects of Obamacare looks about right: significant benefits to the bottom half of the income distribution, paid for largely by taxes on the top few percent (the Medicare surcharge and the extra tax on investment income). The Tax Policy Center — whose work I do trust — has the Act reducing the after-tax income of the top 1 percent by 1.8 percent, the top 0.1 percent by 2.5 percent.
Meanwhile, ATRA raises taxes relative to a continuation of the Bush high-end tax cuts: after-tax income down 4.5 percent for the 1-percenters, 6.2 percent for the top 0.1 percent.
Putting this together, we have a roughly 6 percent hit to the 1 percent, around 9 to the superelite. That’s only a partial rollback of these groups’ huge gains since 1980, but it’s not trivial.
http://krugman.blogs.nytimes.com/2013/01/20/obama-and-redistribution/
Some notes for myself: how much impact have Obama’s policies actually had on current and prospective inequality?
The main policies to consider are PPACA (the health reform) and ATRA (the fiscal cliff deal with its associated tax rise).
I’m not a fan of the Tax Foundation’s work, but their analysis of the distributional effects of Obamacare looks about right: significant benefits to the bottom half of the income distribution, paid for largely by taxes on the top few percent (the Medicare surcharge and the extra tax on investment income). The Tax Policy Center — whose work I do trust — has the Act reducing the after-tax income of the top 1 percent by 1.8 percent, the top 0.1 percent by 2.5 percent.
Meanwhile, ATRA raises taxes relative to a continuation of the Bush high-end tax cuts: after-tax income down 4.5 percent for the 1-percenters, 6.2 percent for the top 0.1 percent.
Putting this together, we have a roughly 6 percent hit to the 1 percent, around 9 to the superelite. That’s only a partial rollback of these groups’ huge gains since 1980, but it’s not trivial.
http://krugman.blogs.nytimes.com/2013/01/20/obama-and-redistribution/
Do the math.
22 replies
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He's pandering, for others in 2014
It is meant to supersede "We want to make Obama a one term President."
How did that one work out for you clowns?
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Oh, and by the way Marco, you are way behind Hillary in the polls and the race isn't even on yet.
Save yourself some embarrassment. Go home, lock the door, pull down the shades and ignore the phone.
Link: http://livewire.talkingpointsmemo.com/entry/poll-hillary-crushes-rubio-among-florida-hispanics
