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ObamaCare
The New York Post
editorializes: It's full steam ahead for ObamaCare -- the radical
health-care "reform" pack age that Congressional Democrats are trying to
steamroll to passage by the end of the summer. And now America is
beginning to learn how much it will cost -- and who'll pay the tab.
• How much? -- somewhere between $600 billion and $1.5 trillion
--
depending on whether the Senate or House version ultimately is adopted.
• Who pays? --you do!
-- in cash, for sure -- and maybe with your job,
too.
Indeed, an analysis by the watchdog Tax Foundation shows
that the top combined federal and state income-tax rate in 39 states
would exceed 50 percent under the House version.
For New York
state taxpayers, the top rate would hit 56.92 percent, third-highest in
the nation. And in the five boroughs, the top rate would be 58.68
per cent -- highest in the nation.
Having abandoned any notion
of lightening the load with spending cuts, House Democrats have put
forward a 1,000-plus-page proposal dripping with new taxes, surcharges
and fees.
The biggest losers? Small businesses --
companies with as few as five employees, who'll have to pay a penalty of
up to 8 percent of income unless they provide their workers with health
insurance.
