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!
Asked by Anonymous at 10:07 AM on Jul. 30, 2009 in Politics & Current Events
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!
Answer by LoriKeet at 10:13 AM on Jul. 30, 2009
Answer by mancosmomma at 10:57 AM on Jul. 30, 2009
Answer by Anonymous at 11:47 AM on Jul. 30, 2009
Answer by lovinangels at 1:19 PM on Jul. 30, 2009
Answer by itsmesteph11 at 2:18 PM on Jul. 30, 2009