New Obama Health Care Bill Will Hit Tri-State Taxpayers Harder Than Anyone

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health-careYou can call it a tax, an assessment, a tariff or a duty, but no matter what word you use the cold hard fact is that the new health care bill will hit tri-state taxpayers in their pocket books. Tri-staters will pay more than any other part of the county — over 20 percent of the entire tax burden is our burden.The additional 32 million Americans who will be covered under the new health care bill — they should say thank you to us, the tri-state area taxpayers who are footing a disproportionate share of the bill.

“In the tri-state area we constitute 10 percent of the country’s population we’re going to be paying 20 percent of this new bill in taxes. That’s money going out of New York, New Jersey and Connecticut and going down to Washington,” said Steven Malanga of the Manhattan Institute.

The combination of a new 3.8 percent tax on income from interest, dividends and investments, and a payroll tax hike of nearly 1 percent for singles making above $200,000 and married couples making above $250,000 add up to $6.7 billion in new taxes for people living here.

New Yorkers will fork over $4.1 billion, New Jersey residents $1.6 billion and Connecticut residents $1.1 billion, according to the Manhattan Institute.

“As Ross Perot once famously said that giant sucking sound you hear in this case is going to be the health care legislation sucking a few billion dollars more a year in taxes,” Malanga said.

Supporters defend it, saying that the benefit of insuring the uninsured outweighs the extra taxes we’ll pay.

“Right now we wind up covering a disproportionately large number of uninsured people in our city and so as we start to integrate more people into the insurance polls that means we’re going to start saving money,” said Rep. Anthony Weiner, D-Brooklyn/Queens.

Opponents say that paying more taxes to Washington takes money out the local economies, which are already on life support.

“That’s money that’s not going to be spent here in New York. It’s money that’s not going to be used for producing jobs. It could also cause smaller businesses to move south. This is a lose-lose proposition for the New York tri-state area,” said Rep. Peter King, R-Long Island.

How do local taxpayers feel?

“Am I going to like paying more money? No,” Chelsea’s Seth Lipton said.

“I think it’s a good bill, important for the whole country. If taxes can be adjusted in certain ways that may be a separate problem, but I’m not bothered by that for this bill,” added Matthew Gold of Scarsdale.

“I don’t think it’s fair,” said Jeff Keith of Mendham, N.J. “It’s just another attempt to push more of the costs on people that are wealthier, and people that live in higher cost of living areas are going to bear a greater burden.”

Brace yourselves because the new taxes dedicated to health care are only the beginning. There’s another new tax on those making $250,000 as part of the regular federal budget.

And the capital gains tax is going up another 5 percent.

{WCBS-TV/Noam Amdurski-Matzav.com Newscenter}


5 COMMENTS

  1. Let me tell you all, yes Matzav was right when they posted the previous news of the health care reform bill that passed as a “day of infamy”, because this is the beginning of the financial collapse of America.
    The gov. which is trillions of dollars in debt cannot handle the core causes of the huge medical costs of health care in this country. Instead of addressing the problem it chose to fix it with a bulti-trillion dollar band aid that will suck out the lifeblood of the middle class people in America with legalized robbery otherwise known as high taxes.
    Even though this tax is only for those making $250,000 and over, watch what happens when this program will be cash strapped as all the other social programs ended up. They will come after the middle class, who will not be the middle class anymore as they will barely be able to make ends meet. While those classified as poor, under the American gov. standards, and the illegals will be able to sit back and relax, the “middle class” will work like slaves to support their expensive health plans. Well, it won’t last to long. The middle class will go under eventually.
    And the country will not be able to survive on only the rich (theres a limit how much they can be stretched, too) and the countries that keep on lending to support the American gov. which is spending like a teenager with credit cards, will not want to keep on borrowing because America has no means to repay them.
    We need to daven to Hashem to save this country from a complete meltdown as the only thing that can help us is at this point is a miracle.

  2. The tri-state area can be any 3 states in the US. If you’re talking about the NY tri-state area, you should specify that.

  3. Anonymous (comment no. 1) wrote: “We need to daven to Hashem to save this country from a complete meltdown as the only thing that can help us is at this point is a miracle.”

    I disagree. We don’t need to daven to Hashem to save this country, but to save the Jews living here by getting us out! We need to daven to Hashem to end this American golus once and for all and to bring us home to Eretz Yisrael.

    This is not our country — we’re only TEMPORARY guests here (its called “golus”) — and those of us who merit to be a part of the final geula (G-d willing, coming very soon) will kiss this country and all of its problems “GOODBYE.”

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