Monday, December 6, 2010

How will government raise the money needed to pay subsidies to let people and businesses buy health insurance?

Will this money come from the fines imposed on those who do not buy health insurance? Or what specific new taxes will pay for that?
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The money garnered from taxes on businesses and people who don't have or buy health insurance won't be enough to fund the program. So the government will have to tax other amenities. Although I doubt it will happen the "bread and butter" tax increase is usually a higher tax on tobacco but the government just recently did this and I don't see them doing it again this soon but you never know. You might actually see a higher tax on bread and butter, there has been talk recently of a tax to be put on fast food and junk food and with 80% of the states already having a state tax of some form on these items I can't see the feds being too far behind. The truth is there is no telling where the tax will be placed but historically speaking the tax will affect the middle class the most, as the poor don't have the money and the rich have all the lobbyists.
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