While most of us slept last night, Harry Reid and the Senate democrats robbed us in the middle of the night. At roughly midnight Central time, a vote was taken on the ReidCare Managers Amendment. It passed 60-40 right down party lines. They own it now.
Yes America, under the democrats this is how laws get made now: written in secret, voted 0n in the seedy dark shadows of the night.
Last night was the first of three procedural votes the democrats need to pass in order to destroy America’s healthcare system.
With the passage of the Managers Amendment, the democrats must wait 30 hours for the next vote (roughly until 7am Tuesday) , which will be an up-or-down vote on the Manager’s Amendment. 50 votes required.
There will then be a cloture vote on the Reid Substitute, requiring 60 votes. Then democrats must wait 30 more hours for an up-or-down vote on the Reid Substitute. Only 50 votes required.
Finally, there will be a cloture vote on the final bill, ReidCare. 60 votes required. Then democrats must wait 30 more hours for the final up-or-down vote on ReidCare. Again, only 50 votes required.
So if everything goes to plan it should take place Christmas Eve. Neat.
Merry Fucking Christmas. Oh I’m sorry, Happy fucking holidays.
With the 60 votes required for a cloture vote, no wonder Reid wanted to end debate on the bill. He doesn’t want the public knowing what exactly is in the the bill. Especially the under 200k middle class, where over 68 million will have to pay a whole lot more:
Here’s the quantitative summary for the Reid bill. All figures are for the year 2019, and in each case these are net results of premium changes, tax subsidies, and tax increases.
17.8 million individuals, families, and single parents with incomes under $200K will be net financial winners (11% of all tax returns under $200K):
[Of] that 17.8 million total, 13.2 million of them will benefit from the government subsidy for health insurance, net of any premium increases.
The other 4.6 million of them will also benefit, netting out their premium reduction with the higher taxes they will pay. These people in general will not get a health insurance subsidy.
68.4 million individuals, families, and single parents with incomes under $200K will be net financial losers (41% of all tax returns under $200K):
In general these people are not eligible for premium subsidies, so the effects of he Reid bill on them are direct premium effects and/or tax increases.
Within this group, here are some representative averages, taking into account premium changes, tax subsidies for premium purchase, and tax increases:
Within this population of 68.4 million net losers, an average individual working for a small business who gets health insurance through the small group market will be worse off, even if his income is below $10K per year:
Income of 0 – $10K: He pays $31 more (per year).
Income of $10K – $20K: He pays $99 more.
Income of $20K – $30K: He pays $202 more.
Income of $30K – $40K: He pays $325 more.
Income of $40K – $50K: He pays $377 more.
Income of $50K – $75K: He pays $576 more.
Income of $75K – $100K: He pays $681 more.
Income of $100K – $200K: He pays $726 more.
If this individual works for a large employer buying insurance in the large group market, the bill helps him if his income is <$20K, and hurts him if his income is >$20K:
Income of 0 – $10K: He pays $135 less.
Income of $10K – $20K: He pays $67 less.
Income of $20K – $30K: He pays $36 more.
Income of $30K – $40K: He pays $159 more.
Income of $40K – $50K: He pays $211 more.
Income of $50K – $75K: He pays $410 more.
Income of $75K – $100K: He pays $515 more.
Income of $100K – $200K: He pays $561 more.
For an average family among the 68.4 million losers getting insurance through the small group market (including most small business employees), they are on average better off if their family income is <$20K, and worse off if their income is >$20K. If they get insurance through a large employer, the breakpoint is $30K.
For an average single parent among the 68.4 million losers, he or she will be better off if income is <$20K, and worse off if income is >$20K, whether he or she gets insurance in the small group or large group markets.
Basically, the middle class will be carrying this directly on their shoulders. And it starts with incomes at the very bottom of that class.
Remember when someone said: “No family making less than 250k per 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.”
Words, just words.
And folks, this is just scratching the surface. Here’s a comprehensive rundown on additional taxes and penalties (taxes) imposed in the Reid-Obama version of the health bill:
Excise Tax on Comprehensive Health Insurance Plans (Page 1979/Sec. 9001/$149.1 bil/Jan 2011): Starting in 2013, new 40 percent excise tax on “Cadillac” health insurance plans ($8500 single/$23,000 family). Higher threshold ($9850 single/$26,000 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Longshoremen have been exempted (page 362 of the manager’s amendment)
From 2013-2015, the 17 highest-cost states are 120% of this level.
Employer Reporting of Insurance on W-2 (Page 1996/Sec. 9002/Min$/Jan 2011): Preamble to taxing health benefits on individual tax returns.
Medicine Cabinet Tax (Page 1997/Sec. 9003/$5 bil/Jan 2011): No longer allowable to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin)
HSA Withdrawal Tax Hike (Page 1998/Sec. 9004/$1.3 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.
Plenty more a the link. Plus, Michelle Malkin has an excellent piece on the democratic bribe machine.
