Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

So where is the trillions of dollars going to come from? (I'm not being a smart alec..)


Where is the trillions of dollars going to come from? (I'm not being a smart alec, just wondering)
Seriously, guys, where is the trillions of dollars going to come from to pay for the Obama health care plan if it passes?

Will the Federal Tax Rate increase? If so, how much?

Will businesses be taxed more? If so, will the cost of products rise? (Like if a restaurant has to pay more taxes will they have to raise the price of the meals)

Will things that cause health care problems be taxed more for it, like cigarrettes and dangerous activities that cause injuries, such as skiing?

I'm really curious to know!

Answer Question
 
Anonymous

Asked by Anonymous at 10:07 AM on Jul. 30, 2009 in Politics & Current Events

Answers (6)
  • well when they are wanting to tax air with cap and trade then its hard to say where they will stop. But rest assured massive taxes and price increases are coming for ALL.
    Carpy

    Answer by Carpy at 10:11 AM on Jul. 30, 2009

  • Unfortunately it WILL come from massive taxes levied on all of us--namely if Cap & Trade passes, along with massive increases in income taxes (for those who still have jobs after all is said and done), and massive business taxes--for those who can still make a profit!


    The rest will come from other countries buying our debt (China). No one really knows the exact figures, because the people voting for these bills haven't actually sat down and read the bills to begin to comprehend the magnitude--it apparently all looks good on paper--to representatives that is!

    LoriKeet

    Answer by LoriKeet at 10:13 AM on Jul. 30, 2009

  • I think people are finally realizing that there is no way to fund all these bills without taxes and cost of goods going up significantly. The idea that these changes won't cost anything to the average tax payer is BS. If both health care and cap & trade pass the senate, it will deepen the recession and add inflation to boot. If this is what is forced down our throats the first 6 months, what other huge bills is he planning to feed us in the next 3 years? *shudder*
    mancosmomma

    Answer by mancosmomma at 10:57 AM on Jul. 30, 2009

  • Well if it's to follow the pattern of the last couple trillion dollar bill that passed earlier this year....then the answer would be that it comes from debt that we owe to China.

    Who will pay the debt? Mostly our kids and grandkids (lovely for them eh?), but also ourselves in taxes as we get older....and by then it won't just be the most rich carrying the burden, it will go into the lower and middle classes as well.
    Anonymous

    Answer by Anonymous at 11:47 AM on Jul. 30, 2009

  • Yes, yes and yes. Taxes will rise, cost of goods will rise, cost of living will rise, a loaf of bread will cost a days wages. . .
    lovinangels

    Answer by lovinangels at 1:19 PM on Jul. 30, 2009

  • OH thats easy, The .006% of Americans who make a million or more for starters. LOL Since anyone with a brain(that leaves out most Dems in congress) knows that won't be enough they will keep going with the ones who make 250,000 a yr and they will add hidden taxes like the sin taxes they want to bring out. When costs rise (rise? no one said costs would rise? you, me and our children will be taxed out the wazoo from every sector.
    itsmesteph11

    Answer by itsmesteph11 at 2:18 PM on Jul. 30, 2009

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Cafemom Join now to connect to other members! Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN