Last night -- while the LA Angels were continuing to literally throw games away -- Sarah Palin took to Facebook to attack the Senate Finance Committee's health care bill.
The heart of her argument:
Supposedly the Senate Finance bill will be paid for by cutting Medicare by nearly half a trillion dollars and by taxing the so-called “Cadillac” health care plans enjoyed by many union members.
The plan will also impose heavy taxes on insurers, pharmaceutical companies, medical device companies, and clinical labs. [3] The result of all of these taxes is clear. As Douglas Holtz-Eakin noted in the Wall Street Journal, these new taxes “will be passed on to consumers by either directly raising insurance premiums, or by fueling higher health-care costs that inevitably lead to higher premiums.” [4]
Unfortunately, it will lead to lower wages too, as employees will have to sacrifice a greater percentage of their paychecks to cover these higher premiums. [5] In other words, if the Democrats succeed in overhauling health care, we’ll all bear the costs. The Senate Finance bill is effectively a middle class tax increase, and as Holtz-Eakin points out, according to the Joint Committee on Taxation those making less than $200,000 will be hit hardest. [6]
Read the rest -- not a death panel, gash chamber, or Iron Maiden to be found.
[Hat tip: Politico]
