Wednesday, March 17, 2010

WSJ: ObamaCare's Worst Tax Hike

WALL STREET JOURNAL/Opinion, 3/17/2010 - The forced march to pass ObamaCare continues, and all that matters now is raw politics. But opponents should go down swinging, and that means exposing such policy debacles as President Obama's 11th-hour decision to apply the 2.9% Medicare payroll tax to "unearned income." ∴ That's what savings and investment income are called in Washington [Emphasis added], and this destructive tax wasn't in either the House or Senate bills, though it may now become law with almost no scrutiny. Read more at WSJ...

Imagine! You save and invest... and the government calls the earned interest "unearned income!" Didn't you earn it by the act of saving and investing? Keep making calls to stop this health care train wreck! --bc

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