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Waiting for the health care takeover bill to drop; It's here: Soak the rich

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By Michelle Malkin  •  July 14, 2009 10:56 AM

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We know the health care takeover tax hikes are coming.

Just waiting for the Democrats to unveil the actual vehicle sometime today.

CQ has the latest on desperate Democrat leadership efforts to resuscitate Obamacare:

House Democrats will introduce their full healthcare reform bill Tuesday, House Speaker Nancy Pelosi (D-Calif.) said Monday while acknowledging she has much work left to do to win over members of her own caucus.

“We’re still on schedule. We have plans to vote for this legislation before we leave for the August recess,” Pelosi said at a news conference. Pelosi said, however, that the bill to be unveiled would have to undergo further changes during committee markup to garner enough support among Democrats. “It is just the beginning,” she said.

“It won’t be the finished product,” Pelosi said. “In order for us to be on schedule, we have to roll out legislation this week.”

But even a Tuesday introduction, to be followed by possible committee action beginning before week’s end, represents a slight setback to the House Democratic leadership’s ambitious goal of passing a healthcare reform bill before the lower chamber departs for its summer recess on July 31.

House Democrats were supposed to introduce a complete draft of the bill on Friday but postponed their plans amid a furor raised by centrist Democrats, who offered Pelosi and the chairmen a list of complaints, including that the measure did not go far enough to reduce the cost of healthcare.

The Blue Dogs are barking. But will they have any bite?

The pressure is on:

In other news, Health Economy Now, “a coalition of groups supporting the push for health care reform, is dropping $7 million on a new television ad campaign to build momentum for a reform bill and to keep six moderate House Democrats from walking away from supporting legislation as it moves through Congress in the coming weeks,” Roll Call reports in a separate article. All six are members of the Blue Dog Coalition, but none are “considered particularly vulnerable at this stage of the election cycle” (McArdle and Ackley, 7/14).

Here’s info on the GOP alternative:

Pushing back against Democratic plans to overhaul the U.S. healthcare system, Republicans on Tuesday readied a less costly alternative they say will make insurance more affordable.

Representative David Camp, the top Republican on the House Ways and Means Committee, said the plan offered significant reforms, including incentives for healthy living, protection for doctors against malpractice lawsuits and tax breaks to encourage small businesses to offer insurance to their workers.

“We obviously think it’s important to make healthcare more affordable and to drive down costs,” Camp said in an interview before a planned news briefing on the plan on Wednesday.

***

Here it is.

The healthcare overhaul proposal offered Tuesday by U.S. House of Representatives’ Democrats will include an extra 5.4% tax on those earning more than $1 million.

One congressional aide said that would bring the top tax rate for the wealthy to 45%.

An additional tax of 1% would be levied on those couples earning more than $350,000. Those with $500,000 incomes would pay an extra 1.5%, according to the legislative documents. Increases could be triggered in 2013 to 2.0% and 3.0%, respectively. The millionaires’ tax would remain at 5.4%, according to legislative documents.

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