Foundation for Economic Education
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House Would Fund Health Insurance with Tax on Wealthy
Posted By Sheldon Richman
“House Democrats announced a plan yesterday that would force the richest 2 million U.S. taxpayers to shoulder much of the cost of an expansion of the nation’s health-care system, by imposing a surtax of as much as 5.4 percent on income above $350,000 a year…. House leaders defended the plan by saying it targets those most able to pay — the wealthiest 1.2 percent of households — while honoring President Obama’s pledge to protect the middle class from higher taxes.” (Washington Post [1], Wednesday)
From each according to his ability.
FEE Timely Classic
“The Ethics of Entitlement” [2] by Hans F. Sennholz
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/house-fund-health-insurance-tax-wealthy/
URLs in this post:
[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/14/AR2009071403709.html?hpid=topnews
[2] “The Ethics of Entitlement”: http://www.thefreemanonline.org/columns/the-ethics-of-entitlement/
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