Posted on 02/04/2007 8:54:54 AM PST by Sub-Driver
Candidate Edwards: raise taxes for healthcare
22 minutes ago
Democratic U.S. presidential candidate John Edwards on Sunday said that he would raise taxes, chiefly on the wealthy, to pay for expanded healthcare coverage under a plan costing $90 billion to $120 billion a year to be unveiled on Monday.
"We'll have to raise taxes. The only way you can pay for a healthcare plan that cost anywhere from $90 to $120 billion is there has to be a revenue source," Edwards said on NBC's Meet the Press news program.
The 2004 vice presidential nominee and former North Carolina senator said his plan would "get rid of George Bush's tax cuts for people who make over $200,000 a year."
He said the plan would also reduce healthcare costs.
"Finally we need to do a much better job of collecting the taxes that are already owed," he said, specifically targeting what he said are large amounts of unpaid capital gains taxes.
"We should have brokerage houses report the capital gains that people are incurring because we're losing billions and billions of dollars in tax revenue," Edwards said.
Offering a preview of his plan, Edwards said it aims to bring healthcare coverage to 47 million uninsured Americans, lower costs for the middle class and foster competition.
It would expand Medicaid, the state-federal health insurance plan for the needy, and offer subsidies for the uninsured. He said, "We ask employers to play a bigger role, which means they either have to have coverage or they have to buy into what we're calling health markets."
(Excerpt) Read more at news.yahoo.com ...
"We should have brokerage houses report the capital gains that people are incurring because we're losing billions and billions of dollars in tax revenue," Edwards said.
I seriously doubt he means actual sales that are not reported. Rather I think he wants to go after imputed or unrealized gains. In this, he's definitely trying to head off Hitlerly because under Beezelbubba there were a few trial balloons floated about taxing people on the imputed rental incomes of their houses.
Thanks to the ambulance chasing trial lawyers who made enough money to have a 28,000 sqft home, health care costs have gone out of sight. No doctor in this country likes to have to shell out the extra dollars for malpractice insurance, but the silky pony and his like, have made that a necessity.
Thanks for the idea, John.
You can fawn over Hillary (like you did with John F'n Kerry) when she accepts her rightful nomination and whole-heartedly supports your plank. You were at the party. You had your punch. The "Two Americas" them is too much of a contrast for a chameleon. Thanks for the support. You may now become the colorful smiley-faced foilage from which SHE emerges.
Works every time. Ask Mondale.
(John)Edwards' Home County's Largest
Edwards late with property taxes 9 times
I don't think you really wanna go there, Edwards...
The development of employment-based "health care" is one of the main reasons the system sucks eggs now.
A local NC TV station did an interview with a couple good ol' boys that have a garage outside the entrance to the Edwards Estate. They couldn't grasp what a 29,000 sqft place would be... and mentioned that John hadn't dropped yet over to meet his new neighbors.
I've always thought that I'd done pretty well in life, but the Silky Pony has shown me that I'm much closer to Jeb and Bubba's America than his...
"said that he would raise taxes, chiefly on the wealthy..."
not a single one of these ding bats has given a definition of wealthy......
why don't they just save alot of time and effort and just declare having money against the law and then confiscate the contraband for the good of the children.
(mr. edwards would have to put himself in jail for owning so much of it......thirty million or thereabouts?
That's right. Use other peoples' money and not your own. After all it won't hurt you.
Edwards is totally out of touch and is your typical Democrat.
Precisely.
And, of course he's going to raise our taxes; he's spent his life taking money out of other people's pockets.
Is that Edwards' house?
How many trees died (on the property and to build that thing) for that to exist?
We should also raise taxes so everybody can live in John Edwards' comfy and cozy side of "America".
Only problem is there won't be enough stupid jurors to go around.
holy smokes!
Please, Lord, send us a conservative to deliver us from these fools.
Sure wish this empty dress would just go away and hang with the girls.
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