Thursday, June 10, 2010
What's behind curtain number 2?
Why yes, it looks like another tax! The "Affordable Health Care Law" is now 2 - 0 with new taxes and cutting costs. We'll continue to see more of the former and nada of the latter. As Grafton Willey points out, "There is much more to this new law and more to come as various government agencies begin to publish regulations and interpretations." So we've got blatant taxes in the form of the insurance mandate and the increase in the Medicare tax rate, but new ones will appear out of thin air as the bureaucrats get to work "interpreting." Who knows what else they will read between the 2700 lines, but we know it won't be good.
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