Sunset News: The Baucus Bill

"We know we belong to the land and the land we belong to is grand"

Tuesday, September 29, 2009

The Baucus Bill

I think there will be a lot of people going to jail .
Are the people in our government crazy ?????????? - Jack

Under the Baucus bill, everyone will have to have health insurance by 2013. The mandate will apply to all adults and their dependents under age 18. Those who failed to buy insurance would be forced to pay an annual tax between $750 and $3,800 per year. Those who fail to pay the tax could be jailed for up to one year. Worse, 7.7 million households would face a 35% excise tax on their health insurance. 94% of these households would be paying a higher tax rate on their health insurance than they would be paying on their income.

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