How much will Obama’s new health plan cost us?
**Mr. Obama’s proposed income-based health-insurance subsidies, tax credits for tiny businesses, and expanded Medicaid eligibility would cost another .63 trillion, according to the TPC. Thus his tax rebates and health insurance subsidies alone would lift the undisclosed bill to future taxpayers by .95 trillion — roughly 5 billion a year by 2012.

The Wall Street Journal did a great article on how much Obama’s plans are going to cost us.

Just wondering if anyone knows how much it truly will cost us all??

How much will his tax plans cost the average American?
**A trillion here, a trillion there, and pretty soon you’re talking about real money. Altogether, Mr. Obama is promising at least .3 trillion of increased spending and reduced tax revenue from 2009 to 2018 — roughly an extra 0 billion a year by 2012-2013.

How is he going to pay for it?

Raising the tax rates on the salaries, dividends and capital gains of those making more than 0,000-0,000, and phasing out their exemptions and deductions, can raise only a small fraction of the amount. Even if we have a strong economy, Mr. Obama’s proposed tax hikes on the dwindling ranks of high earners would be unlikely to raise much more than billion- billion a year by 2012.

http://online.wsj.com/article/SB122480790550265061.html

Funny…I am ignorant but how do you all think he will pay for his so called reformed health plan? With his 600 million in campaign funds? I think not!
I see no backup on where you got the numbers on McCain’s health care.

Group – Income Range- % – Yearly taxes

1. 0 – 30,000 – 0% ({content})
2. 30,001 – 34,999 – 2% ( <= 0)

3. 35,001 – 39,999 – 2% ( <= 0)
4. 40,001 – 44,999 – 2% ( <= 0)
5. 45,001 – 49,999 – 2% ( <= 00)
6. 50,000+ – 2% ( Taking ,000 = 00)

Total Tax Revenue: ABOUT ,983,948,900 Billion before deductions.

REAL number, the math is on my Excel page

I used Year 2000 numbers.

and that doesnt include businesses

With ALL taxes (Individual Income Taxes, Corporate Income Taxes, Social Insurance Taxes, Excise Taxes, Estate and Gift Taxes, Customs Duties, Miscellaneous Receipts)…………..

The total revenue is 1.1 Trillion dollars.

Then if you CUT GOVERNMENT SPENDING!

We have:

Cap and Trade
Increased Cigarette tax
Increased Capital Gains tax
Increased Income taxes
Eliminate Itemized deductions
Tax healthcare benefits
nearly 1/2 a Trillion in new business taxes
Eliminate Mortgage deductions

and don’t forget the HUGE National Debt which is in reality a tax on all future generations

What else am I overlooking?