Why do the Kochs rage? | Arkansas Blog

Wednesday, March 24, 2010

Why do the Kochs rage?

Posted By on Wed, Mar 24, 2010 at 6:11 AM

What, you wonder, possesses the billionaires and Chamber of Commerce to rage so against better health coverage for Americans?

Simple.

For all the political and economic uncertainties about health reform, at least one thing seems clear: The bill that President Obama signed on Tuesday is the federal government’s biggest attack on economic inequality since inequality began rising more than three decades ago.

Over most of that period, government policy and market forces have been moving in the same direction, both increasing inequality. The pretax incomes of the wealthy have soared since the late 1970s, while their tax rates have fallen more than rates for the middle class and poor.

... A big chunk of the money to pay for the bill comes from lifting payroll taxes on households making more than $250,000. On average, the annual tax bill for households making more than $1 million a year will rise by $46,000 in 2013, according to the Tax Policy Center, a Washington research group. Another major piece of financing would cut Medicare subsidies for private insurers, ultimately affecting their executives and shareholders.

The benefits, meanwhile, flow mostly to households making less than four times the poverty level — $88,200 for a family of four people.

You see who The Repealers work for -- and who they'd hurt.

Here's their game plan for the Senate. It will be a cynical and dishonest exhibition. Here are more details on the cynical amendments that will be offered by Republicans solely to create TV ads for the fall.

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