John Kerry has promised to "pay for" all of his new spending proposals, including an estimated $1.5 trillion over 10 years for his healthcare plan. Unfortunately, American taxpayers would be the ones footing the bill. Americans for Tax Reform (ATR) today issued a report which estimates that Kerry will need to impose a tax hike of $969 per year on the average taxpayer, or nearly $10,000 over the next decade, to fund this program.I question the timin...oh, you know what, these guys have a point. Kerry wants to raise our taxes and that really isn't a laughing matter. Go check it out and decide for yourself.
"John Kerry wants to implement a bloated, government-run healthcare program and stick American taxpayers with the bill," said ATR President Grover Norquist. "Kerry has made empty promises about preserving President Bush's middle class tax cuts, but the fact it is, he needs to raise taxes to fund this big government boondoggle."
Despite the Kerry healthcare plans' massive price tag, most of the benefit would be wasted. Nearly 60 percent of the plans cost would be used to pay for people who already have health insurance. The average person will receive a benefit of $451 dollars, which is more than offset by the increased tax burden.
In addition to healthcare, Kerry has plans for other expensive spending programs. ATR estimates that funding Kerry's full campaign platform will cost taxpayers an average of $1,771 per year. Paying for Kerry's laundry list of new expenditures would completely wipe out all of the tax cuts of 2001 and 2003.
"John Kerry is out of his mind if he thinks he can pay for all of his liberal, big-government proposals and not stick Americans with an across the board tax hike," continued Norquist. "John Kerry wants to wipe out all of President Bush's crucial relief and raise taxes on every individual, family and small business in America."
The analysis can be found here.
Mark's Remarks
You cannot tax just the rich to pay for this....This amounts to a massive intrusion of government into our lives AND our pocketbooks....If Kerry wins and this goes through, say goodbye to small businesses, say goodbye to expanding the economy, well, unless you are a bureaucrat.....
Kerry's foreign policy is a sham (both Iran and North Korea basically thumbed their noses at his proposals, and the Duelfer Report shows sanctions would not have worked in Iraq, like if you read the WHOLE thing)and his domestic health care policy is a monstrosity that will destroy American economic gains....If Kerry wins, welcome back to the 1970s....
