“Real life experience with both health insurers and inelastic markets for services such as health insurance has clearly warned us that this tax will be passed along to insurance payers,” wrote Rep. Joe Courtney (D-Conn.), who is spearheading the effort.
All of the plans presently being considered have massive tax hikes associated with them. Nearly all are hidden. On Tuesday, Mrs. Pelosi finally acknowledged that a Value Added Tax is now formally being considered in the House. Such a tax would seriously stifle any possible economic recovery and send thee country much further into depression than we already are.