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5 Million People Wish 39 Democrats Read The ObamaCare Bill Before Passing It

Sunday, November 17, 2013 7:39
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(Before It's News)

This video shows Congress’s contempt for the American People.

Apparently reading a bill before it is passed is a ridiculous idea

I can think of 5 million people who are loosing their health insurance who would have liked congress to actually read bills before passing them.

 

 

 

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Total 12 comments
  • “Guess we’ll have to pass it to see what’s in it.” Pelosi.
    No one buys a house without reading the legal document; or having an attorney look it over.

    • The legal staffs DO read the statutory language which is required. Perhaps, if we just had a single payer system, the bill could have been much much shorter. Single payer is simple, efficient, and cost-effective…..but it wasn’t even considered.

      Lengthy complex bills (and IRS regulations etc) are caused by the loopholes that corporation pay politicians to include. If we eliminated corporate influence in the legislative process, including ta codes, the bills would be much simpler.

      Complex bills with language only specialist lawyers can understand are meant to obscure special interest provisions and to benefit corporations rich enough to afford attorneys and tax experts.

      Example: GE gas 900 inhouse lawyers. In 2011, the NYTimes reported:

      “The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

      Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

      That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies.

      Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm.”

      GE disputes this and says it will pay some tax but refuses to say how much. Fierce lobbying creates complex laws which its 900 lawyers can exploit to minimize taxes.

      More from the Times article:

      “In a regulatory filing just a week before the Japanese disaster put a spotlight on the company’s nuclear reactor business, G.E. reported that its tax burden was 7.4 percent of its American profits, about a third of the average reported by other American multinationals. Even those figures are overstated, because they include taxes that will be paid only if the company brings its overseas profits back to the United States. With those profits still offshore, G.E. is effectively getting money back.

      Such strategies, as well as changes in tax laws that encouraged some businesses and professionals to file as individuals, have pushed down the corporate share of the nation’s tax receipts — from 30 percent of all federal revenue in the mid-1950s to 6.6 percent in 2009.”

      I am 72, workiing full time, paying sales, property, state and federal income and payroll taxes.
      I make about 45K a year and pay about 30% in taxes. GE, which makes billions a year, pays far less. How does it do this: by paying for special favors and complex laws which no one but an expert in the field can understand.

      The ACA, which is a pro-industry bill based on the Heritage Foundation plan, likewise has complexities which only a legal expert in the field can understand. While most members of Congress are not legal experts, they are millionaires and they know which side of their bread is buttered.

      Would corporations support a flat corporate tax with no loopholes? Say lower than the average of other OECD nations….say 25%? The largest, Exxon, Bank of America, GE, et al would not since they pay far less……small corporations, the only ones to pay the statutory rate, would…but they do not have the money to engage in “fierce lobbying.”

      “Claims that the United States’ corporate tax rate is uniquely burdensome to U.S. business when compared with the corporate tax rates of its industrial peers are incorrect. While the United States has one of the highest statutory corporate income-tax rates among advanced countries, the effective corporate income-tax rate (27.7 percent) is quite close to the average of rich countries (27.2 percent, weighted by GDP).
      The U.S. corporate income-tax rate is also not high by historic standards. The statutory corporate tax rate has gradually been reduced from over 50 percent in the 1950s to its current 35 percent.
      The current U.S. corporate tax rate does not appear to be impeding corporate profits. Both before-tax and after-tax corporate profits as a percentage of national income are at post–World War II highs; they were 13.6 percent and 11.4 percent, respectively, in 2012.”
      http://www.epi.org/publication/ib364-corporate-tax-rates-and-economic-growth/

      The largest corporations, with their legions of tax warriors, pay the lowest rates. Small corporations pay the highest. Guess who has the power and writes the laws?

      • The legal staff was not elected by the people.

      • If you give health care to all; paid for through taxes; and remove the “for profit” component; you would save 30%+ right out of the gate. Some of the things you do need to spend money on to supply health care to someone is doctors, nurses, hospitals, drugs, medical equipment, clinics, etc. The one thing you don’t need is insurance companies. They are the direct reason for the US being #1 in healthcare costs and # 37th in healthcare. They offer no service except to jack-up the costs and provide a return for their investors at patients expense. Through sheer volume, we could self insure ourselves at a much cheaper price and more efficiently.

        Think about it. The only way an insurance company can make money is to collectively overcharge their customers the percentage of profit margin, over and above their expenses. The expenses include the paying of claims, but also include, executive pay and bonuses, profits, employee pay, benefits, taxes (maybe not), Marketing and Administrative Expenses ( you even have to pay for their TV ads), utility costs, maintenance costs, and much, much, more; that are passed directly to the patient on top of already high actual health care costs.

        A 2004 economic study published in The New England Journal of Medicine determined that a national single-payer healthcare system would reduce costs by more than $400 billion a year “despite the expansion of comprehensive care to all Americans.” I’m sure that figure has increased since then.

        I think the cartoon at the bottom of this page says it all –

        http://www.healthcare-now.org/whats-single-payer/

        Cheers :)

        PS -

        You’re right about corporate taxes too, and people should become more aware of it. Hell, for three yrs (08-10) GEs’ profit was $10,460,000,000. Their effective tax rate was – 45.3% (note the minus), and they received $4,737,000,000 directly from the US Treasury through tax loopholes. Almost 1/2 of their profits came from the tax payer. Our republic is now a kleptocracy and no one seems to care that their being robbed.

        http://www.businessinsider.com/these-are-the-30-american-companies-that-paid-less-than-zero-income-tax-from-2008-2010-2011-11?op=1

        http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf

        http://en.wikipedia.org/wiki/Kleptocracy

        Kleptocracy, alternatively cleptocracy or kleptarchy, (from Greek: κλέπτης – kleptēs, “thief”[1] and κράτος – kratos, “power, rule”,[2] hence “rule by thieves”) is a form of political and government corruption where the government exists to increase the personal wealth and political power of its officials and the ruling class at the expense of the wider population, often with pretense of honest service. This type of government corruption is often achieved by the embezzlement of state funds.

  • Our government is pathetic. Nancy Pelosi should be kicked out of this country, along with Barack Obama. I will NOT sign up and accommodate Barack Obama on his lies to our people.

  • Well, I’m glad these congressmen find so much humor in this situation. Perhaps we could limit the length of each bill to no more than 10 pages, and pertaining to only ONE subject! Furthermore, if the Senate does not do its job of providing a working budget for this nation, THEY SHOULD NOT BE PAID!

  • Everyone should send them the JACK *SS AWARD!!

  • Now, now … there was really no need to find out what was in the bill before it was passed …. :roll:

  • It’s time to give the U.S. Congresspeople and U.S. Senators a major pay cut. Peter Guild

  • forget obama come here make me pay i hate blacks

  • obama is a p o s

  • 7up

    It’s not too late to retract it!!!! :idea:

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