Reply #46: Here is why I find Waxman's statement to be misleading.... [View All]

Waxman...

"There would have to be massive taxes, increases, to make up for the lost money that’s now being spent by employers for their employees."

Employers would contribute to the National Health System through a tax instead paying money to private insurance companies. To me his statement could be interpreted by people to mean that employers would no longer contribute to the cost of health care.


30 page pdf
http://kucinich.house.gov/UploadedFiles/HR_676_111th.pdf

FUNDING.—
10 (1) IN GENERAL.—There are appropriated to
11 the USNHC Trust Fund amounts sufficient to carry
12 out this Act from the following sources:
13 (A) Existing sources of Federal Govern14
ment revenues for health care.
15 (B) Increasing personal income taxes on
16 the top 5 percent income earners.

17 (C) Instituting a modest and progressive
excise tax on payroll and self-employment in
come.

20 (D) Instituting a small tax on stock and
21 bond transactions.
22 (2) SYSTEM SAVINGS