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To: Wharf Rat who wrote (20497)7/24/2012 10:21:49 AM
From: Sdgla1 Recommendation  Read Replies (1) | Respond to of 85487
 
Obama-Care Architect To Oversee Its CBO AnalysisJuly 24th, 2012
From the Daily Caller:

Obamacare architects preside over forthcoming CBO cost analysisBy Betsi Fores | Monday, July 23, 2012

As the Congressional Budget Office prepares to release its cost analysis report on the Affordable Care Act, The Daily Caller News Foundation has learned that the woman charged with scoring Obamacare has strong ties to the White House as well as the president’s signature legislation.

The Daily Caller previously reported that Melinda Beeuwkes Buntin was formerly a Department of Health and Human Services official under the Obama administration, and that she had personally donated more than $26,000 to Democratic politicians and campaign committees, with $2,300 of that going to President Obama in 2008.

Also in 2008, Buntin was cited as an “Obama Spokeswoman,” when she delivered a speech to health industry insiders to “learn more about the Obama/Biden health care plan.” The speech stressed the cost effectiveness of passing the then-candidates’ plan, which would pay for the “$50 – $65 billion health care reform effort by rolling back the Bush tax cuts for Americans earning more than $250,000 per year and retaining the estate tax at its 2009 level.”

Later, between the years 2009 and 2010, the White House visitors log shows Buntin visited eight times, with one of those occasions being with Vice President Joe Biden.

Buntin, now the deputy assistant director of the CBO’s Health Services Department, came to the post in the middle of 2011.

So Ms. Buntin has had a hand in the CBO’s cost estimates regarding Obama-Care for more than a year.

Employees “are prohibited from participating in partisan political activity if such participation would identify or appear to identify CBO with a candidate, campaign, or cause,” the CBO told TheDC News Foundation in an email…

Snort.

Prior to coming to the CBO, Buntin worked in the Department of Health and Human Services to implement Obamacare-related information technologies and record-keeping procedures at the Office of the National Coordinator for Health IT. As the office’s director of economic analysis and modeling, Buntin provided the Obama administration with statistics showing how best to implement a nationwide system of electronic health records.

Bunton [sic] earned her Ph.D. in health policy at Harvard University while David Cutler, a top Obama adviser, CBO adviser and health economist, was an economics professor in the Department of Economics and the Kennedy School of Government.

Together, the two crafted a health care policy paper for the progressive Center for American Progress think tank in 2009, immediately prior to Obamacare’s passage. The paper, titled “The Two Trillion Dollar Solution: Saving Money by Modernizing Health Care,” suggested a health care reform system almost identical to the legislation that passed months later.

The policy made a “best guess” that cost-cutting measures would reduce government spending by upwards of $200 billion over ten years.

In their paper, Buntin and Cutler predicted that their health care system would create $1.5 trillion in federal government savings over the next decade…

None of which is even close to the CBO’s latest cost projections, which now say Obama-Care will cost at least $1.76 trillion over the next ten years.

And yet this is the same woman who is going to be in charge of the CBO’s up-coming ‘scoring’ of the cost of Obama-Care. How could it possible be wrong?



To: Wharf Rat who wrote (20497)7/24/2012 10:32:19 AM
From: longnshort2 Recommendations  Respond to of 85487
 
good for Romney tax cuts are always good and the rich know how to spend their money better than the gov.

that's why Gates and buffet set up their own trust instead of giving their money to the government, right comrade ?



To: Wharf Rat who wrote (20497)8/5/2012 1:07:19 AM
From: TimF  Read Replies (1) | Respond to of 85487
 
Who Pays Taxes? Is It Fair?

July 24, 2012
By admin
Not only do the so-called “rich” (I am sadly not among them, not even close) appear to pay their fair share, they pay quite a bit more. In fact there are so many people who pay so little in taxes (or actually get money back via the EITC) that they have no skin in the game. They are free to vote for an ever-larger government with negligible downside.



Don’t believe the lie that the rich don’t pay enough in taxes. (pics via WSJ)



According to the article these CBO numbers include both income taxes and payroll taxes.

[ I'm giving the writer the benefit of the doubt here and assuming that these CBO numbers are legit. ]

Not only do the rich pay more than their “fair” share, they pay a larger percentage than they did in recent decades.
The Latest News on Tax Fairness – WSJ.com: If fairness in paying taxes means the amount you pay is based on the amount you make, then the only group in America paying at least a “fair share” is the top 20%—people who make more than $74,000. For everyone else, the tax code is a bargain.

You wouldn’t know this from President Obama’s rhetoric, but our tax system, according to a recent report by the Congressional Budget Office (CBO), is incredibly progressive. Consider: The top 1% of income earners pay an average federal tax rate of 28.9%. (See the nearby table.) The average federal tax rate on the top 20% is 23.2%. The 20% of taxpayers earning between $50,100 and $73,999 pay an average 15.1%, and so on down the line. The CBO report includes payroll as well as income taxes paid.

First of all, the share of taxes paid by the top 20% has gone up over the last 30 years, while the share of taxes paid by everyone else has gone down. It has gone up despite the tax cuts enacted by President Clinton in 1997 and by President Bush in 2001 and 2003. But that makes no difference to the president. The only group of taxpayers he calls on to “sacrifice” are those already doing all the tax sacrificing.

The top 20% in 1979 made 44.9% of the nation’s income and paid 55.3% of all federal taxes. Thirty years later, the top 20% made 50.8% of the nation’s income and their share of federal taxes paid had jumped to 67.9%.
pretenseofknowledge.com