You are currently viewing the printable version of this entry, to return to the normal page, please click here.

Baucus: People will be 'wealthier' under new health care act

← return to Water Cooler


President Barack Obama made a campaign promise that he would not raise  taxes on individuals making under $200,000 or couples under $250,000. However, Senator Max Baucus, a Montana Democrat,  made a statement on the floor this week that seems to dispute Mr. Obama’s tax pledge.

“One other point I think that is very important to make is that it’s true in certain cases taxes will go up for some Americans who may be making less than $200,000,” said Mr. Baucus.

I asked Senator Baucus on Thursday to elaborate further on his statement. “It’s complicated. The wages go up when your health care policies are less expensive,” he said. “Employers will make up the difference often, according to the CBO, with wage increases, and when wages go up, sometimes people pay a little more in taxes, but on a net basis they’re ahead.”

Mr. Baucus disagreed that his statement on the floor showed Mr. Obama broke a campaign promise. He said, “People will be better off as a consequence of this bill. On that basis, they’ll be wealthier and have more income under this bill.”

However, the Senate bill that was signed by the president would mandate new taxes on insurance companies, drug companies, and medical device makers. Furthermore a 40 percent tax on the part of insurance premiums on plans above $8,500 per year for individuals and $23,000 per year for families. According to the Kaiser Family Foundation, this cost for a family goes further than the usual cost of a family insurance plan of $13,375.

The insurance companies will simply pass the new taxes off on to the consumer. It is still mystery as to how this kind of circumstance will make Americans “wealthier.”


← return to Water Cooler

About the Author
Kerry Picket

Kerry Picket

Kerry Picket, a former Opinion Blogger/Editor of The Watercooler, was associate producer for the Media Research Center, a content producer for Robin Quivers of "The Howard Stern Show" on Sirius satellite radio and a production assistant and copy writer at MTV.

Latest Stories

Latest Blog Entries

blog comments powered by Disqus
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Illustration by Greg Groesch/The Washington Times

    LAMBRO: Skirting the lane-closure issue

  • Illustration by Linas Garsys/The Washington Times

    LYONS: Benghazi demands a select committee in Congress

  • Happening Now