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Political News and Commentary from the Right

Pelosi Confirms New Medicare Tax on ‘Unearned Income, Whatever Category That Is’

( – House Speaker Nancy Pelosi (D-Calif.) revealed that a package of amendments to the Senate-passed health care bill would include a new tax on unearned income. Pelosi said this tax would cover all unearned income, “whatever category that is.”

Pelosi, speaking at a press conference on Thursday, said the new Medicare tax was inserted to make up for a reduction in the proposed tax on high-cost health insurance plans. The tax was opposed by House Democrats because it would have largely fallen on the generous health care plans enjoyed by labor union members, who are generally supportive of the Democratic Party.

Pelosi described the switch as a “victory” for the House.

“One of the victories we have in the House is that our members did not like the excise tax on [high-cost] insurance plans,” she said at the press conference. “We thought it would hurt the middle class. The higher end of that [tax] was left in the plan. I call it the platinum Rolls-Royce piece of it. The rest will be covered by a Medicare fee on unearned income.”

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Tags: Pelosi, Taxes, Middle Class, Obamacare, Obama, US House, Health Care, Medicare, Socialism, USSA

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March 29, 2010 - Posted by | Health Care

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