Promises, promises: Obama tax pledge unrealistic
Original post made by I didn't vote for him! on Jul 8, 2009
Now, lawmakers are looking for more revenues to help pay for providing medical insurance to millions more who lack it at a projected cost of $1 trillion over the next decade.
The floated proposals include increasing taxes on alcohol, which could raise $62 billion over the next decade, and a new tax on sugary drinks such as soda, which could raise $52 billion.
Senate Democrats this week pretty much rejected a proposal by Finance Committee Chairman Max Baucus, D-Mont., to tax health benefits, an idea that Obama repeatedly criticized during the presidential election campaign but has refused to take off the table.
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