Who Needs Healthcare If The President Has Magic Underwear?
or
"marriage should be between one man, and as many women as he would like..."
I'm not going to judge
His grandfather had like 5 wives, I think.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
Full List of Obamacare Tax Hikes
Thursday, June 28, 2012 3:28 PM | Ryan Ellis and John Kartch (Twitter: @Taxplaya and @JohnKartch)
Obamacare law contains 20 new or higher taxes on American families and small businesses
Taxpayers are reminded that the President’s healthcare law is one of the largest tax increases in American history.
Obamacare contains 20 new or higher taxes on American families and small businesses.
Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
Taxes that took effect in 2010:
1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971
2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105
4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980
5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004
6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399
Taxes that took effect in 2011:
7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959
8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
Tax that took effect in 2012:
9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
Taxes that take effect in 2013:
10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
Capital Gains
Dividends
Other*
2012
15%
15%
35%
2013+
23.8%
43.4%
43.4%
*Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.
11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
First $200,000
($250,000 Married)
Employer/Employee
All Remaining Wages
Employer/Employee
Current Law
1.45%/1.45%
2.9% self-employed
1.45%/1.45%
2.9% self-employed
12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986
13. Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995
14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389
15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994
16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000
Taxes that take effect in 2014:
17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following
Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337
18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346
Combined score of individual and employer mandate tax penalty: $65 billion/10 years
19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993
Taxes that take effect in 2018:
20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956
i love, love love these tax repeals or expirations on tax credits for health insurance providers that rat fk their customers (me-you) into certain types of policies or when they pay their exec huge bonuses.
private health insurance providers will find a way to do just fine w/the new law. their stocks had a brief pull back and have taken off again after further review of the ruling, meanwhile hospital stocks are surging as will their hiring in the next 1-5 years, now thats job growth! :corn: :corn: :corn:
San Diego Sports Arena - Oct 25, 2000 MGM Grand - Jul 6, 2006 Cox Arena - Jul 7, 2006 New Orleans Jazz and Heritage Festival - May 1, 2010 Alpine Valley Music Theater - Sep 3-4 2011 Made In America, Philly - Sep 2, 2012 EV, Houston - Nov 12-13, 2012 Dallas-November 2013 OKC-November 2013 ACL 2-October 2014 Fenway Night 1, August 2016 Wrigley, Night 1 August 2018 Fort Worth, Night 1 September 2023 Fort Worth, Night 2 September 2023 Austin, Night 1 September 2023 Austin, Night 2 September 2023
Romney: Students Should Get ‘As Much Education As They Can Afford’
On the campaign trail Wednesday night in Virginia, Mitt Romney took on the topic of education. While extolling the virtues of America as “the land of opportunity for every single person,” Romney said that he believes students should only be able to get as much education “as they can afford”:
I think this is a land of opportunity for every single person, every single citizen of this great nation. And I want to make sure that we keep America a place of opportunity, where everyone has a fair shot. They get as much education as they can afford and with their time they’re able to get and if they have a willingness to work hard and the right values, they ought to be able to provide for their family and have a shot of realizing their dreams.
This is similar to other comments Romney has made regarding higher education, such as when he told students to simply borrow the money for college from their parents or when he told them to “shop around” or join the military to get an education. But the crux of the matter is that Romney’s policies would make college less affordable for low- and middle-income students. So what they “can afford” is going to be a lot less.
For starters, Romney supports the radical Republican budget, authored by Budget Committee Chairman Paul Ryan (R-WI), which would cut Pell Grants for more than one million students, at a time when Pell Grants are already covering the smallest percentage of tuition in their history.
Next, Romney supports undoing the student loan reforms that were included in the 2010 health care bill. Those changes cut billions of dollars that were being wasted paying bank middlemen to service federal student loans, and instead plowed the money back into student aid. Repealing the measure, as Romney would like to do, would simply spend money to put banks back between students and their federal loans.
Finally, Romney is a staunch supporter of predatory for-profit colleges, which are much more expensive than public schools, and often leave their students buried in debt and without the credentials necessary to obtain a good job. Of course, this should come as no surprise, since the for-profit industry is donating heavily to Romney’s campaign.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
All makes sense to me. Only purchase what you can afford.
Many can learn from this.
Believe in America. Believe in yourself!
WOOT
It's idiotic. You should get the education that you want, whatever your financial situation is. If you are a really smart person and the top student of your graduating class but your financial situation is low, you should go to one of the top schools in the country to get a great education.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
If you are smart enough, you'll figure it out without crying about not getting free ride. Remember, it's the land of opportunity.
Earn it.
Entitled generation is my concern.
you have started a thread supporting every republican front runner in the last 18 months. you did not support romney until he started winning states. my question to you is what is romney going to do to assuage your concerns?
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.- Hemingway
All makes sense to me. Only purchase what you can afford.
Many can learn from this.
Believe in America. Believe in yourself!
WOOT
purchase the education that you can afford?????
really???
if that is your solution to the problem then you just killed the american dream and you don't even know it...
What is the American Dream anyway?
What I think it is is going to and graduating from college, having a good paying job, and owning a home.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
If you are smart enough, you'll figure it out without crying about not getting free ride. Remember, it's the land of opportunity.
Earn it.
Entitled generation is my concern.
It's become the land of debt. People shouldn't have $100,000+ of debt at 22 so they can maybe get a job that pays $25,000. It's just a way to further strangle the middle class.
This show, another show, a show here and a show there.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
In a stunning interview with Breitbart.com, two top advisers to Mitt Romney revealed the campaign’s plan to largely ignore journalists in favor of right-wing conspiracy websites.
From the beginning of the campaign, Romney has pointedly avoided news outlets who might pose tough questions. The press dubbed it “the Mittness Protection Program.” As the campaign wore on, Romney has refused to answer direct questions about major policy issues central to the campaign. For example, Romney has still not stated whether he would undo Obama’s order ending deportations for many young undocumented immigrants.
Romney campaign spokesman Lenny Alcivar recently outlined how the campaign will avoid journalists and cooridnate and communicate their message through Brietbart.com and the Drudge Report:
When this election is over, one of the lessons that will be learned by the mainstream media is that they no longer have a toe-hold on how Americans receive their news. Never before – in a way that has taken Democrats off stride – have we seen the confluence of an aggressive online community, led by Breitbart, and an aggressive campaign team not willing to cede an inch of ground to Democrats. This combination has created a new political reality. We no longer allow the mainstream media to define the political realities in America. The rise of Breitbart, Drudge and others, combined with an aggressive Romney campaign is a powerful tool in the arsenal of the conservative movement.
…The governor will no longer allow the mainstream media to dictate the terms of this debate. This is just the beginning… We are witnessing the rise of the center right media.
The Drudge Report and Breitbart.com, founded by the late Andrew Breitbart, a Drudge protege, are actually far-right websites that reguarly traffic in paranoid and offensive conspiracy theories. A few examples:
1. The Drudge Report aggressively pushes the birther conspiracy theory. Drudge promoted Jerome Corsi’s book alleging Obama was not born in the United States. After Obama released his long form birth certificate, Drudge pushed the theory that it was a forgery. He recently featured a discredited story (first published on Brietbart.com) suggesting Obama was born in Kenya. [ThinkProgress, 5/17/12; Drudge Report, 4/20/11; TPM, 4/29/11]
2. The Drudge Report pushed the theory that Chief Justice Robert upheld Obamacare because of “cognitive problems” due to epilepsy medication. [ThinkProgress, 6/29/12]
3. The Drudge Report reguarly links to and promotes 9/11 truther Alex Jones. Jones also promotes conspiracy theories regarding “global elites enacting one-world government; secret FEMA camps; weather control; mass sterilization; the Oklahoma City bombing; the Space Shuttle Columbia disaster; vaccines; and the government using products like juice boxes to ‘encourage homosexuality with chemicals so that people don’t have children.’” [Red State, 6/20/11; Media Matters, 10/11/10]
4. Breitbart.com pushed the conspiracy theory that the Navy Seal operation last spring was a hoax and Bin Laden might be alive. [ThinkProgress, 5/2/11]
5. Breitbart.com frequently accused “President Obama of failing to release a valid birth certificate.” [Media Matters, 9/29/09]
6. Bretbart.com “routinely compares Obama to Hitler, Stalin, Lenin, Mao, Pol Pot, and Castro.” [Media Matters, 9/29/09]
It’s not just Romney’s advisors who are promoting sites like Drudge and Breitbart.com. In an interview with NewsMax, another far right site, Romney personally praised the Drudge Report.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
It's become the land of debt. People shouldn't have $100,000+ of debt at 22 so they can maybe get a job that pays $25,000. It's just a way to further strangle the middle class.
"shouldn't?"
Why take on the burden if debt then, if you can't probably pay it off and then some?
If you think that cost side, higher education is the problem, choose not to go. Otherwise, you expect earners to subsidize it? That's the problem with this country. Everyone looking at the government for a handout.
we have this thing called HECS where if you choose to study at the tertiary level, the govt will absorb your fees until you acquire the means to repay the 'loan'. this is what i call a hand up not a hand out.
hear my name
take a good look
this could be the day
hold my hand
lie beside me
i just need to say
It's become the land of debt. People shouldn't have $100,000+ of debt at 22 so they can maybe get a job that pays $25,000. It's just a way to further strangle the middle class.
"shouldn't?"
Why take on the burden if debt then, if you can't probably pay it off and then some?
If you think that cost side, higher education is the problem, choose not to go. Otherwise, you expect earners to subsidize it? That's the problem with this country. Everyone looking at the government for a handout.
Woot
Romney will change that!
How will Romney change this?
You're basically saying that 60% of our country shouldnt go to college because they can't afford it. Sounds like a great idea :roll: It's almost like saying you shouldn't buy a car or house unless you can pay for them in cash.
Post edited by ComeToTX on
This show, another show, a show here and a show there.
In a stunning interview with Breitbart.com, two top advisers to Mitt Romney revealed the campaign’s plan to largely ignore journalists in favor of right-wing conspiracy websites.
From the beginning of the campaign, Romney has pointedly avoided news outlets who might pose tough questions. The press dubbed it “the Mittness Protection Program.” As the campaign wore on, Romney has refused to answer direct questions about major policy issues central to the campaign. For example, Romney has still not stated whether he would undo Obama’s order ending deportations for many young undocumented immigrants.
Romney campaign spokesman Lenny Alcivar recently outlined how the campaign will avoid journalists and cooridnate and communicate their message through Brietbart.com and the Drudge Report:
When this election is over, one of the lessons that will be learned by the mainstream media is that they no longer have a toe-hold on how Americans receive their news. Never before – in a way that has taken Democrats off stride – have we seen the confluence of an aggressive online community, led by Breitbart, and an aggressive campaign team not willing to cede an inch of ground to Democrats. This combination has created a new political reality. We no longer allow the mainstream media to define the political realities in America. The rise of Breitbart, Drudge and others, combined with an aggressive Romney campaign is a powerful tool in the arsenal of the conservative movement.
…The governor will no longer allow the mainstream media to dictate the terms of this debate. This is just the beginning… We are witnessing the rise of the center right media.
The Drudge Report and Breitbart.com, founded by the late Andrew Breitbart, a Drudge protege, are actually far-right websites that reguarly traffic in paranoid and offensive conspiracy theories. A few examples:
1. The Drudge Report aggressively pushes the birther conspiracy theory. Drudge promoted Jerome Corsi’s book alleging Obama was not born in the United States. After Obama released his long form birth certificate, Drudge pushed the theory that it was a forgery. He recently featured a discredited story (first published on Brietbart.com) suggesting Obama was born in Kenya. [ThinkProgress, 5/17/12; Drudge Report, 4/20/11; TPM, 4/29/11]
2. The Drudge Report pushed the theory that Chief Justice Robert upheld Obamacare because of “cognitive problems” due to epilepsy medication. [ThinkProgress, 6/29/12]
3. The Drudge Report reguarly links to and promotes 9/11 truther Alex Jones. Jones also promotes conspiracy theories regarding “global elites enacting one-world government; secret FEMA camps; weather control; mass sterilization; the Oklahoma City bombing; the Space Shuttle Columbia disaster; vaccines; and the government using products like juice boxes to ‘encourage homosexuality with chemicals so that people don’t have children.’” [Red State, 6/20/11; Media Matters, 10/11/10]
4. Breitbart.com pushed the conspiracy theory that the Navy Seal operation last spring was a hoax and Bin Laden might be alive. [ThinkProgress, 5/2/11]
5. Breitbart.com frequently accused “President Obama of failing to release a valid birth certificate.” [Media Matters, 9/29/09]
6. Bretbart.com “routinely compares Obama to Hitler, Stalin, Lenin, Mao, Pol Pot, and Castro.” [Media Matters, 9/29/09]
It’s not just Romney’s advisors who are promoting sites like Drudge and Breitbart.com. In an interview with NewsMax, another far right site, Romney personally praised the Drudge Report.
Not surprising. He still has to debate, where he'll tell the American people that everything he did as governor was awful and socialist.
This show, another show, a show here and a show there.
It's become the land of debt. People shouldn't have $100,000+ of debt at 22 so they can maybe get a job that pays $25,000. It's just a way to further strangle the middle class.
"shouldn't?"
Why take on the burden if debt then, if you can't probably pay it off and then some?
If you think that cost side, higher education is the problem, choose not to go. Otherwise, you expect earners to subsidize it? That's the problem with this country. Everyone looking at the government for a handout.
Woot
Romney will change that!
How will Romney change this?
You're basically saying that 60% of our country shouldnt go to college because they can't afford it. Sounds like a great idea :roll: It's almost like saying you shouldn't buy a car or house unless you can pay for them in cash.
I don't think Romney will change it. But the cost of school will keep rising until the money is no longer available. It's a sure-fire bet for the money loaners as a school loan can not be wiped out by bankruptcy. Schools keep raising cost because they are packed full and have to turn students away. And then you have 23 year old kids that are $100K - $200K in dept as a result.
The state-funded university I went to has increased well over 100% in ten years. I would find is hard for the university to justify what has changed in ten years in terms of education quality that justifies going from $9K to $21K per year. I can't imagine going to a private or out of state school and paying over $40K a year. That's more then I payed in four years.
If you can shake off school loan debt by bankruptcy, no one will loan you $50K a year. It's too much risk. Schools will thus not be able to charge $50K a year. And the cost of school will readjust to a reasonable sum.
You're basically saying that 60% of our country shouldnt go to college because they can't afford it. Sounds like a great idea :roll: It's almost like saying you shouldn't buy a car or house unless you can pay for them in cash.
It will change with Romeny because people won't be looking at the government for hand outs in droves as they are under Hope and Change.
And I am not saying what you think I am saying. Having cash on hand has nothing to do with being able to afford something. If one can expect a certain return on their investment, they can afford something without cash on hand by way of a loan.
As we gather to enjoy food and fireworks today, let us also take a moment to pay tribute to the patriots who signed the Declaration of Independence -- and the brave men and women who have fought to protect our freedoms through every generation that has followed.
I'm incredibly grateful to be an American. And from now until November, my campaign will carry this simple but deeply patriotic message: America's greatest days are still ahead.
As we gather to enjoy food and fireworks today, let us also take a moment to pay tribute to the patriots who signed the Declaration of Independence -- and the brave men and women who have fought to protect our freedoms through every generation that has followed.
I'm incredibly grateful to be an American. And from now until November, my campaign will carry this simple but deeply patriotic message: America's greatest days are still ahead.
" America;s greatest days are still ahead"
Which is another way of saying IF I dupe enough of the citizens nothing will change for the better for those citizens.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Comments
I'm not going to judge
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
What a player...
Full List of Obamacare Tax Hikes
Thursday, June 28, 2012 3:28 PM | Ryan Ellis and John Kartch (Twitter: @Taxplaya and @JohnKartch)
Obamacare law contains 20 new or higher taxes on American families and small businesses
Taxpayers are reminded that the President’s healthcare law is one of the largest tax increases in American history.
Obamacare contains 20 new or higher taxes on American families and small businesses.
Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
Taxes that took effect in 2010:
1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971
2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105
4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980
5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004
6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399
Taxes that took effect in 2011:
7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959
8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
Tax that took effect in 2012:
9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
Taxes that take effect in 2013:
10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93
Capital Gains
Dividends
Other*
2012
15%
15%
35%
2013+
23.8%
43.4%
43.4%
*Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.
11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:
First $200,000
($250,000 Married)
Employer/Employee
All Remaining Wages
Employer/Employee
Current Law
1.45%/1.45%
2.9% self-employed
1.45%/1.45%
2.9% self-employed
Obamacare Tax Hike
1.45%/1.45%
2.9% self-employed
1.45%/2.35%
3.8% self-employed
Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93
12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986
13. Raise "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995
14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389
15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994
16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000
Taxes that take effect in 2014:
17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following
1 Adult
2 Adults
3+ Adults
2014
1% AGI/$95
1% AGI/$190
1% AGI/$285
2015
2% AGI/$325
2% AGI/$650
2% AGI/$975
2016 +
2.5% AGI/$695
2.5% AGI/$1390
2.5% AGI/$2085
Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337
18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346
Combined score of individual and employer mandate tax penalty: $65 billion/10 years
19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993
Taxes that take effect in 2018:
20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956
private health insurance providers will find a way to do just fine w/the new law. their stocks had a brief pull back and have taken off again after further review of the ruling, meanwhile hospital stocks are surging as will their hiring in the next 1-5 years, now thats job growth! :corn: :corn: :corn:
MGM Grand - Jul 6, 2006
Cox Arena - Jul 7, 2006
New Orleans Jazz and Heritage Festival - May 1, 2010
Alpine Valley Music Theater - Sep 3-4 2011
Made In America, Philly - Sep 2, 2012
EV, Houston - Nov 12-13, 2012
Dallas-November 2013
OKC-November 2013
ACL 2-October 2014
Fenway Night 1, August 2016
Wrigley, Night 1 August 2018
Fort Worth, Night 1 September 2023
Fort Worth, Night 2 September 2023
Austin, Night 1 September 2023
Austin, Night 2 September 2023
http://thinkprogress.org/education/2012 ... on-afford/
Romney: Students Should Get ‘As Much Education As They Can Afford’
On the campaign trail Wednesday night in Virginia, Mitt Romney took on the topic of education. While extolling the virtues of America as “the land of opportunity for every single person,” Romney said that he believes students should only be able to get as much education “as they can afford”:
This is similar to other comments Romney has made regarding higher education, such as when he told students to simply borrow the money for college from their parents or when he told them to “shop around” or join the military to get an education. But the crux of the matter is that Romney’s policies would make college less affordable for low- and middle-income students. So what they “can afford” is going to be a lot less.
For starters, Romney supports the radical Republican budget, authored by Budget Committee Chairman Paul Ryan (R-WI), which would cut Pell Grants for more than one million students, at a time when Pell Grants are already covering the smallest percentage of tuition in their history.
Next, Romney supports undoing the student loan reforms that were included in the 2010 health care bill. Those changes cut billions of dollars that were being wasted paying bank middlemen to service federal student loans, and instead plowed the money back into student aid. Repealing the measure, as Romney would like to do, would simply spend money to put banks back between students and their federal loans.
Finally, Romney is a staunch supporter of predatory for-profit colleges, which are much more expensive than public schools, and often leave their students buried in debt and without the credentials necessary to obtain a good job. Of course, this should come as no surprise, since the for-profit industry is donating heavily to Romney’s campaign.
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
Many can learn from this.
Believe in America. Believe in yourself!
WOOT
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
So only upper middle class and above people should be able to go to college? Talk about fucking our country!
It's hard to know what Romney really stands for since he's flip flopped on just about everything he's ever said and everything he did as Gov.
Earn it.
Entitled generation is my concern.
"Well, you tell him that I don't talk to suckas."
really???
if that is your solution to the problem then you just killed the american dream and you don't even know it...
"Well, you tell him that I don't talk to suckas."
What is the American Dream anyway?
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
It's become the land of debt. People shouldn't have $100,000+ of debt at 22 so they can maybe get a job that pays $25,000. It's just a way to further strangle the middle class.
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
when i was a kid the "american dream" was a wrestler called dusty rhodes...turns out this chunk looks like a lot of americans these days
"Well, you tell him that I don't talk to suckas."
Romney Advisers Reveal Strategy: Ignore Journalists, Pander To Right-Wing Conspriacy Websites
In a stunning interview with Breitbart.com, two top advisers to Mitt Romney revealed the campaign’s plan to largely ignore journalists in favor of right-wing conspiracy websites.
From the beginning of the campaign, Romney has pointedly avoided news outlets who might pose tough questions. The press dubbed it “the Mittness Protection Program.” As the campaign wore on, Romney has refused to answer direct questions about major policy issues central to the campaign. For example, Romney has still not stated whether he would undo Obama’s order ending deportations for many young undocumented immigrants.
Romney campaign spokesman Lenny Alcivar recently outlined how the campaign will avoid journalists and cooridnate and communicate their message through Brietbart.com and the Drudge Report:
The Drudge Report and Breitbart.com, founded by the late Andrew Breitbart, a Drudge protege, are actually far-right websites that reguarly traffic in paranoid and offensive conspiracy theories. A few examples:
It’s not just Romney’s advisors who are promoting sites like Drudge and Breitbart.com. In an interview with NewsMax, another far right site, Romney personally praised the Drudge Report.
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
"shouldn't?"
Why take on the burden if debt then, if you can't probably pay it off and then some?
If you think that cost side, higher education is the problem, choose not to go. Otherwise, you expect earners to subsidize it? That's the problem with this country. Everyone looking at the government for a handout.
Woot
Romney will change that!
take a good look
this could be the day
hold my hand
lie beside me
i just need to say
How will Romney change this?
You're basically saying that 60% of our country shouldnt go to college because they can't afford it. Sounds like a great idea :roll: It's almost like saying you shouldn't buy a car or house unless you can pay for them in cash.
Not surprising. He still has to debate, where he'll tell the American people that everything he did as governor was awful and socialist.
The state-funded university I went to has increased well over 100% in ten years. I would find is hard for the university to justify what has changed in ten years in terms of education quality that justifies going from $9K to $21K per year. I can't imagine going to a private or out of state school and paying over $40K a year. That's more then I payed in four years.
If you can shake off school loan debt by bankruptcy, no one will loan you $50K a year. It's too much risk. Schools will thus not be able to charge $50K a year. And the cost of school will readjust to a reasonable sum.
It will change with Romeny because people won't be looking at the government for hand outs in droves as they are under Hope and Change.
And I am not saying what you think I am saying. Having cash on hand has nothing to do with being able to afford something. If one can expect a certain return on their investment, they can afford something without cash on hand by way of a loan.
gotta pay to play.
"Well, you tell him that I don't talk to suckas."
Happy 4th to all the REAL PATRIOTS in this piece!
As we gather to enjoy food and fireworks today, let us also take a moment to pay tribute to the patriots who signed the Declaration of Independence -- and the brave men and women who have fought to protect our freedoms through every generation that has followed.
I'm incredibly grateful to be an American. And from now until November, my campaign will carry this simple but deeply patriotic message: America's greatest days are still ahead.
Happy Fourth of July to you and your family.
Thanks,
Mitt Romney
http://www.youtube.com/watch?v=rUcugv926Fo&feature
Which is another way of saying IF I dupe enough of the citizens nothing will change for the better for those citizens.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14