4 New Taxes in the Baucus Bill (including "Breath Tax")

"I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes...you will not see any of your taxes increase one single dime." Dover NH, Sept 12, 2008

Cigarette taxes are taxes. Cap & Trade is a tax. Bank/auto bailouts are simply deferred taxes. The stimulus is a deferred tax. Chinese tire tariffs are a tax. Simply letting the tax cuts expire will clobber the under $250k set with both income and capital gains taxes (certainly more than a dime). Debasing the currency is like a tax, but far worse.

This Emperor should not get involved in education, because he is propagating bad math. They could confiscate 100% of the income of everyone making more than $250k, and they still could not pay for even half of this destructive stuff.

Forcing people to buy health insurance via "individual mandate" (or face a fat penalty on your tax return) is certainly a tax. We should call it a "breath tax" because it is a new beast- unlike traditional taxes, no goods have changed hands, no service has been provided, no profit has been made. You owe this tax simply because you are still breathing. We already have this in MA, which is why a "still on campaign" Romney makes me cringe. MA now has the most expensive healthcare in the nation, and it is bankrupting the State- some model! Took a fat sales tax increase to buy just a little more time on the road to insolvency.

http://www.coyoteblog.com/coyote_blog/2009/09/at-least-four-new-taxes-in-baucus-bill.html