Blog Watch

Posts Tagged ‘taxes’

Taxing and Saving?

Yesterday we looked at Ezra Klein’s list of ways Democrats could avoid a filibuster, and today abortion rights supporters might see a benefit to using a different way of bypassing the Senate tradition: Politico’s Jonathan Allen reports that “Democrats will almost certainly kill the anti-abortion Stupak amendment in the process if they go to Plan B on passing health care — using a filibuster-proof reconciliation bill — budget experts say.”

There’s been another theme emerging during this recess week besides more back-and-forth over the Stupak amendment: controlling costs and raising taxes. 

Hot Air’s Ed Morrissey is unhappy with a proposal to increase the capital gains tax, saying, “The Pelosi Plan would strangle the economy.”

Wonk Room’s Igor Volsky makes a table that compares increasing the Medicare payroll tax (currently being floated in the Senate) versus the House’s surtax on high income earners.

Robert Laszewski expands on his nod toward an independent commission to look at health care costs. He thinks the fate of a bill “might just hinge more not on how ‘robust’ the public option would be but on how ‘robust’ an entitlement commission would be.”

Perhaps there’s another reason for a commission: Heritage’s Ed Haislmaier is unconvinced that Congress will make the future cuts to Medicare that it is proposing: “Enacting H.R. 3961 would mean that Congress has thrown in the towel on its previous attempt to control Medicare spending. It will also mean that no rational person can believe that Congress will actually enforce any new Medicare spending cuts included in pending health care legislation. That, in turn, would mean that new health care legislation would actually result in further, massive increases in either Federal borrowing or taxes.”

Lastly, a key architect of Massachusetts’ reform plan and an economic adviser to many Dems, MIT’s Jonathan Gruber, offers his thoughts on the amount of cost control in the bills. It’s not necessarily a ringing endorsement (via an interview with Ezra Klein):

Here’s how I think about this: Do you know Pascal’s wager? Why not believe in God? I think of health-care reform similarly. We don’t know if we’ll really bend the cost curve. But if we do this and we don’t do anything, we still go bankrupt in 100 years. We don’t lose much. But if we do it and it works, then it’s a savior.

It also moves the conversation on cost control in a way that’s impossible without this bill. It does real things on cost control, and then it does real things to make cost control more politically viable. It lays the groundwork for doing more. To kill this bill for not doing enough on cost control would be like criticizing the Yankees for not winning the Super Bowl. They won the World Series! They did what they could do!

Friday, November 13th, 2009

A Rush To Dissect The House Bill

The House unveiled its final health overhaul bill this morning, presenting anxious Beltway observers with almost 2,000 pages to digest.

Some bloggers quickly went to work dissecting the bill, pointing out their least favorite provisions or looking for differences that remain with the other chamber.  Others are taking in the moment.

Critical Condition’s Mark Hemingway catalogues responses from GOP lawmakers, including Minority Leader John Boehner, who says the bill is “clearly designed for government takeover of our system.”

Wonk Room’s Igor Volsky has 10 reasons that Republicans should support the bill (though only one GOP senator has so far), framing  in an “Republicans asked for, Republicans got” style.  One example:

1. REPUBLICANS ASKED FOR – DEFICIT NEUTRAL BILL: “Do the American people believe that this almost 2,000 page bill won’t add to the deficit?” [Rep. Eric Cantor, 10/29/2009]

HOUSE BILL – DEFICIT NEUTRAL BILL: According to the Congressional Budget Office, the House bill costs $894 billion over 10 years and actually reduces the deficit by $30 billion and continues to reduce the deficit over the second 10 years.

Hot Air’s Ed Morrissey quips, “Nancy Pelosi and the House Democratic Caucus will unveil their version of ObamaCare this morning, and the New York Times reports some significant changes made in the last few days.  First, the ‘public option,’ which had changed to the quasi-Orwellian name of ‘competitive option,’ now goes the full 1984 to the ‘consumer option.’”

Heritage’s Marguerite Higgins writes, “As we scour through this 1,990-page monster of a bill (topping the 1,502-page health bill from the Senate Finance Committee), it will be important to determine how the feds and health care providers will come to these negotiated rates. Plus, other questions crop up, like will the government-run plan be subject to the same rules and market regulations that private insurers face? If we see the same language in the new House bill that was in H.R. 3200, then government will operate on an unlevel playing field where it has a clear advantage in the marketplace.”

Families USA’s Julia Eisman says the bill “sets a gold standard.”

The New Republic’s Jonathan Cohn titles his post, “House to PhRMA: No Deal.”  Cohn notes that the House bill does not square with the White House and PhRMA’s $80 billion deal: “The House, though, was not party to this deal. And so it’s decided to ask a little more–about twice as much, in fact.”

The Washington Post’s Ezra Klein interviews Rep. John Dingell, D-Mich., saying, “there is no politician alive today who has worked as long, or as hard, on health-care reform as Rep. John Dingell Jr.” Indeed, the octogenarian has worked on health legislation for decades. Dingell says, “This is the furthest I can recall health-care reform ever going, including in my days, and my dad’s days. A bill moving in the House. A bill moving in the Senate. Strong support in the admin. Strong popular support for the bill. A carefully crafted piece of legislation. A willingness of everybody to work together to work together towards what is a widely shared common goal.”

And The American Spectator’s Philip Klein points out new tax provisions, “Scanning through the bill, I noticed that the bill would add a new section to the federal tax code: “PART VIII:HEALTH CARE RELATED TAXES.” Among the new taxes are penalties for individuals who don’t purchase insurance and employers who don’t provide insurance, income tax surcharges of up to 5.6% to those earning more than $1 million, and a 2.5% excise tax on medical devices.”

Thursday, October 29th, 2009

Tuesday Roundup

Here’s a roundup of this morning’s posts.

Louise Norris of Colorado Health Insurance Insider looks at a story from NPR and KHN on individuals who are self-employed and struggling with purchasing health coverage.  Norris, an insurance broker, did some comparative shopping and says, “I checked rates for a healthy, non-smoking, 52 year-old female, and came up with a range of options priced between $200/month and $260/month for a good quality, $5000 deductible, HSA qualified plan (people like Lyn, who rarely need their health insurance and are in good health, are good candidates for high deductible plans).   So hopefully Lyn will get a pleasant surprise when she gets her quotes, and the premiums won’t be as high as she was expecting.”

Heritage’s Conn Carroll expands on Louisiana Governor Bobby Jindal’s (R) health reform ideas.  They include purchasing pools, tax credits and portability of health insurance.

The Hastings Center has launched a new blog that features contributors from around the health policy blogosphere writing about values in connection with health reform.

James Capretta of the New Atlantis does some number crunching and concludes that the health overhaul bills in Congress “send signals to low-wage breadwinners that it no longer makes sense to seek a higher-paying job.”

One of the first health policy blogs to gain traction in the blogosphere, The Health Care Blog, is abuzz with the start of the Health 2.0 Conference, a gathering of medical, policy and technology professionals about online tools that seek to improve the doctor-patient relationship and give consumers more tools to manage their health.

And because the health policy world isn’t always serious, here’s another parody of a tonuge-in-cheek PSA that featured celebrities mocking insurance company executives. This time it features the line, “People are saying mean things about Big Goverment.” (Hat tip: Insure Blog.)

Tuesday, October 6th, 2009