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B. Reduces the quality of care for patients The bill would be a job killer and put America on the brink of economic meltdown. 1. The bill would add a 1% income tax to all individuals earning over $280,000, 1.5% for individuals over $400,000. For those making over $800,000, the bill would increase taxes by a startling 5.4%. 2. When combined with state, local, and Medicare taxes, in 39 out of the 50 states there would be income taxes of over 50% for top earners. 3. This bill creates a pay-or-play tax, whereby those without acceptable healthcare coverage would pay a tax of 2.5% of their income. 4. Government would tax employers 8% of the average wages for employees for all time when the employer was not offering health insurance coverage, with an exception for companies with a payroll under $250,000. This tax gives direct incentives for employers not to hire workers in a time when unemployment has risen to nearly 10%. This tax would destroy jobs. 5. The Congressional Budget Office (CBO) estimates that healthcare reform would add over $1 trillion in additional spending over 10 years. In this era of record deficits, we cannot afford to burden future generations with even more debt. 6. CBO Director Douglas Elmendorf stated on July 16th that the future costs of healthcare will increase over time if the bill is passed in spite of the Administration contending that the plan would cut costs. 7. Congress is already interfering with business and raising taxes at an alarming rate: the House's recently passed cap and trade bill will have the effect of taxing businesses and adding to unemployment, while penalizing American families over $175 per year in higher energy prices. 8. Previous legislation, such as the American Recovery and Re-Investment Act (The Stimulus Package) has not yielded the results as promised as unemployment has risen by 2% in the months since its passage. Please consider the above economic and financial issues when you cast your vote on this important piece of legislation. We do not believe that any member of Congress with an ounce of fiscal responsibility can vote for this bill, and we hereby ask you to oppose it. Sincerely,
| Tim Phillips President, Americans for Prosperity Tony Perkins President, Family Research Council Grover Norquist President, Americans for Tax Reform Matthew D. Staver Founder and Chairman, Liberty Counsel Ron Robinson President, Young Americas Foundation Brent Bozell President, Media Research Center Tom Winter Editor in Chief, Human Events Richard Viguerie Chairman, ConservativeHQ.com | Jim Martin President, 60 Plus Association Herman Cain President, THE New Voice, Inc. William Wilson President Americans for Limited Government Frank J. Gaffney President, Center for Security Policy Kenneth Blackwell Former Treasurer, State of Ohio Karl Ottosen United States Federation of Small Businesses Alfred S. Regnery Publisher, American Spectator David McIntosh Former U.S. Representative, Indiana |
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