This blog is of, by and for the progressive members of our Jefferson County community. Our mission is to provide information about fellow progressives for all to view, to provide a forum for forward looking candidates and to offer other varied items of interest. Your opinion is important to this blog and if you wish to write us an item or send us a picture please email it to watertownwizards@yahoo.com THIS BLOG IS NOT AN OFFICIAL BLOG OF THE JEFFERSON COUNTY DEMOCRATIC COMMITTEE
Wednesday, September 30, 2009
Lets see...you just asked how we could pay for national healthcare
For starters, roll back the enormous tax cuts given to the wealthiest of Americans during the Reagan and Bush Administrations and increase the tax on unearned income from the present 15% to 25%. How about rescinding the provision in the Medicare Modernization & Improvement Act that prohibits Medicare from negotiating drug prices with pharmaceutical companies? That provision alone incurs countless billions of dollars in additional costs to Medicare. And why not plug up tax loopholes that allow American corporations to avoid paying U.S. taxes through outsourcing? The resulting increase in revenue would leave enough money left over to investigate and prosecute all of the criminals responsible for the banking and mortgage meltdown. (courtesy of Paul Jaenert)