President Obama has been attempting to overhaul the healthcare system with a sense of both urgency and zeal. In doing so, the administration’s plan is forecasted to set back Americans between $1.2 to $1.5 trillion within the next decade.
The staggering financial bill begs the question- where will be money come from?
In order to fund the new healthcare system, the Senate Finance Committee suggests placing higher taxes on beer and wine. A new tax under consideration is on non-diet soda.
If these proposals come to fruition, a great burden will be placed on Middle and lower class Americans by increasing their grocery bills despite President Obama’s assurance that this segment of the population (those earning less than $250,000 annuall) will not see a tax increase.
Those who favor these levies support this decision on the belief that soda and alcohol are unhealthy for individuals by promoting generic ventolin online weight gain. In reality the new taxes are a way to raise money from a new untapped resource.
However, we need to consider that since soda is not a needed staple of households, consumers will purchase less of this product. Therefore, one can not depend on this tax to support new programs.
A Rasmussen poll reports that 70% of Americans are against the soda tax, partially because they fear that it sets precedence for taxing other grocery items.
While the idea behind reform is to stem the tide of increasing expense for healthcare in the long run, the government needs to take a closer look at where the allocated funds will be coming from in the present and near future.
Dick Armey, chairman of FreedomWorks, “which advocates lower taxes and less governmental influence”, supplied the information for this blog.