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#1 |
Confirmed User
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Join Date: Jan 2009
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U.S. lawmakers weigh beverage taxes in health revamp
U.S. lawmakers weigh beverage taxes in health revamp By Donna Smith - Mon May 18, 12:56 PM PDTWASHINGTON (Reuters) - A tax on soft drinks and other sweetened beverages and higher taxes on alcohol are among the options U.S. lawmakers will consider to pay for expanded healthcare coverage, a Senate report said on Monday.
Sign in to rate!Sign in to rate!thumbs up thumbs down 38% of users found this article helpful. The beverage taxes were among the options outlined in a Senate Finance Committee report that panel members will review in a closed-door session on Wednesday. Senators will look at a mix of taxes and cost savings to pay for a healthcare overhaul that aims to provide affordable medical coverage for all Americans, including an estimated 46 million who have no insurance. Wednesday's session will likely be contentious as lawmakers search for politically palatable ways to finance health reform amid soaring budget deficits. President Barack Obama wants Congress to pass the overhaul by the end of the year. He has called for a $634 billion "reserve fund" in his budget as a downpayment toward expanding coverage to the uninsured. Many analysts believe the final cost is likely to be much higher. Senate Finance Committee Chairman Max Baucus, and other Democrats, argue that an overhaul of the $2.5 trillion U.S. healthcare system is needed to control soaring costs. "Without healthcare reform, healthcare spending will reach $4.4 trillion by 2018," Baucus said in a statement accompanying the release of the possible financing options. The committee is expected to draft healthcare legislation next month with aim of winning Senate passage by August. The House of Representatives is working on a similar timetable. Raising taxes on sweetened beverages would provide an added benefit in helping to fight obesity, which drives up healthcare costs, the committee report said. The proposal calls for no tax on artificially sweetened drinks. Another option would raise taxes on all types of alcohol and apply a standard rate. Taxes now are lower for beer and wine, which are based on volume, than for distilled spirits, which are based on alcohol content. Other options include limiting some of the current federal tax subsidies for healthcare, which amounted to $194.2 billion in 2008. In particular, lawmakers are looking at limiting a tax break for employer-provided health insurance, a proposal opposed by labor unions. Lawmakers are also looking at cost savings in the Medicare and Medicaid health programs for the elderly and poor, including requiring high-income earners to pay more for their Medicare drug coverage.
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#2 |
It's coming look busy
Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
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The proposal calls for no tax on artificially sweetened drinks.
I do not care for that part at all. It would encourage more usage of artificial shit which I think causes more harm than natural sweeteners ever could. Not saying I support the tax though. However the alcohol ones do not bother me at all.
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#3 | |
Let slip the dogs of war.
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Join Date: Jan 2003
Location: Bermuda
Posts: 17,263
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Quote:
Regardless, it's not important and here's why. Diseases related to obesity are becoming epidemic. The greatest good lies in reducing the amount of fat people in the system. ![]()
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#4 | |
It's coming look busy
Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
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Quote:
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#5 |
Let's do some business!
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,297
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Sweet. More taxes. People are hurting... let's tax them some more for simple pleasures.
I don't want to hear about any more tax hikes until I see politicians forfeiting their salaries and expense accounts. They do that, I'll chill a little bit on my anti-tax crusade.
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#6 |
Carpe Visio
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Join Date: Jul 2002
Location: New York
Posts: 43,058
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Plenty of people have talked about it. Our governor here in NY planned on instituting a few of these "lifestyle taxes", but has now since changed his tune.
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#7 |
lol
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Join Date: Jan 2002
Posts: 15,969
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taxes rule, everybody loves them.
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#8 | |
Let's do some business!
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,297
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What made him change his mind?
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#9 |
Confirmed User
Join Date: May 2008
Posts: 3,406
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get ready for even more taxes people.
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#10 |
♥ ♦ ♣ ♠
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Join Date: Sep 2002
Location: Porn Valley, CA
Posts: 10,590
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We need to pay back all of those bail outs... where did you think the money was going to come from?
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![]() ![]() ![]() "I'm selflessly supporting the common good, but only coincidentally looking out for No.1." |
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