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Get ready for health care tax-apalooza

By Michelle Malkin  •  July 7, 2009 11:17 AM

Photoshop: Reader Rachael in Ky

The Democrats are preparing for their Big Reveal on how to pay for their trillion-dollar government takeover of health care.

Gird your loins and say goodbye to your wallets:

By the end of this week, House Democrats may have answered the biggest question looming in the healthcare debate – how they plan to pay for their overhaul.

Leadership aides say they will introduce a bill by Thursday or Friday, in preparation for votes in committee next week. And that bill, they say, will include a way to pay for the bill…

…Leadership aides stress that no final decision has been made on how to pay the tab. The Democrats on Rangel’s committee will hold a marathon meeting all day Tuesday where healthcare and the “pay-for,” as it’s called, are sure to come up.

A large portion is expected to come from reductions in Medicare and Medicaid. But that won’t pay for the full overhaul. As for raising money, ideas have included a national sales tax, taxing soda and a “surtax” on people making more than $250,000.

In addition to that, House Majority Whip James Clyburn (D-S.C.), Caucus Chairman John Larson (D-Conn.) and Vice-chair Xavier Becerra (D-Calif.) will hold six “listening sessions” that break rank-and-file members out by region. The three leaders will take concerns and ideas from the sessions’ members back to the leadership in preparation for markup next week.

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