New York Post today has an article about how NY will be bludgeoned under Obamacare.
"Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state's top earners and possibly pressuring small-business owners to shed workers.
New York's top income bracket could reach as high as 57 percent -- rates not seen in three decades -- to pay for the massive health coverage proposed by House Democrats this week.
For New York City residents, it would be closer to 59 percent, the highest in the nation. "
No keep in mind this is all going on at same time as the state fiasco where they are going broke and looking at 4 billion in new taxes - and the "crisis" is still new.
http://www.nypost.com/seven/07..._empire_sta_179547.htm
Obamacare is a bad idea at anytime but choking this down the nations throat at time is a catastrophe for economy. Obama doesn't care about the economy though and he doesnt care about health. This charade is a power grab plain and simple.
Investors Business Daily highlights this power ploy today in an editorial about something they found in the House bill:
"It's Not An Option"
"Congress: It didn't take long to run into an "uh-oh" moment when reading the House's "health care for all Americans" bill. Right there on Page 16 is a provision making individual private medical insurance illegal.
The provision would indeed outlaw individual private coverage. Under the Orwellian header of "Protecting The Choice To Keep Current Coverage," the "Limitation On New Enrollment" section of the bill clearly states:
"Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day" of the year the legislation becomes law...
From the beginning, opponents of the public option plan have warned that if the government gets into the business of offering subsidized health insurance coverage, the private insurance market will wither...
What wasn't known until now is that the bill itself will kill the market for private individual coverage by not letting any new policies be written after the public option becomes law.
The legislation is also likely to finish off health savings accounts, a goal that Democrats have had for years. They want to crush that alternative because nothing gives individuals more control over their medical care, and the government less, than HSAs.
The public option won't be an option for many, but rather a mandate for buying government care. A free people should be outraged at this advance of soft tyranny.
Washington does not have the constitutional or moral authority to outlaw private markets in which parties voluntarily participate. It shouldn't be killing business opportunities, or limiting choices, or legislating major changes in Americans' lives.
It took just 16 pages of reading to find this naked attempt by the political powers to increase their reach. It's scary to think how many more breaches of liberty we'll come across in the final 1,002."
http://www.ibdeditorials.com/I...spx?id=332548165656854
Obama lies when he says people can keep their private insurance because he knows private insurance will get nuked. Obama and Democrats are all about killing the economy and slashing freedom for sake of their own power.
Facebook
Twitter