http://www.cnn.com/2009/POLITICS/02/25/budget.healthcare/index.html
A recent CNN news article reports how Obama is seeking that wealthier Americans “deal with a tax increase and pay higher Medicare premiums to help fund a $634 billion health care ‘reserve fund’ aimed at reforming the system.” So what is a reserve fund? It is basically a “piggy bang…used for reforming the system by cutting costs and trying to deal with the 46 million Americans without health insurance”. The number of “wealthy” about which he is speaking is about 1.5 million people (seniors earning over $170,000 a year who already pay for Medicare “Part B”). In order to raise $318 billion for the health care fund, the administration will raise the tax liability of wealthy Americans earning at least $250,000 by limiting how much they can write off for “itemized deductions such as mortgage insurance and charitable contributions.” This is sure to set off a firestorm by the Republican Party; it is exactly what many of them stand against. However, I see that at this time, those in opposition need to look at this issue from the views of ones other than themselves. Times are really rough for some and perhaps going to get worse. Investing in some of the lives of those less fortunate could have tremendous rewards in the future.