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"If the government robs Peter to pay Paul, he can count on the continued support of Paul.

Saturday, January 16, 2010

Yid with Lid: Its Official--Democratic Party "Flips The Bird" To The Middle Class

"Under the deal announced by the AFL-CIO yesterday (neither Congress nor the White House had the guts to announce it first), union members will be exempted from paying the "Cadillac Tax" until 2008 (sic). To put it another way, the middle class will be paying taxes to fund the health insurance for union members, and illegal immigrants.

(It's actually 2018.)

"The effect of the Cadillac tax that no one in Congress or the mainstream media will talk about is how it will result in a major increased in taxes on the middle class. Within the first six years of the plan, 20% of families earning between $50,000 and $75,000 annually will be paying the Cadillac tax. Approximately 13% of the people in that income group are union members so the 'unprivileged' 87% will be footing the bill for the rest. IBD Editorialized about it saying:

"'.....the president is about to make a blunder that rivals that of the first President Bush when he broke his "no new taxes" pledge in 1990.

"'The federal takeover of the nation's health care system that Democrats are brewing up in Washington will have to be financed by someone. The administration wants to put it on the backs of the middle class in the form of a 40% excise tax on the value of health insurance coverage that exceeds $8,500 a year for individuals or $23,000 for families.'"

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