When you add it up, the Obama Administration is sticking it to the poor and and middle class in a huge way. Consider:
Cigarette taxes are overwhelmingly against the poor and middle class as they’re the ones who smoke.
Now, the government is considering taxing Soda pop. Guess who will be harmed by that tax? There is also this point: Since when is it the government’s blankety-blank business to decide what is and is not good for people? But Democrats love coercion and forcing behavior:
The group’s review of research on the topic, appearing in The New England Journal of Medicine, was released on Wednesday, the same day that Senator Max Baucus, the Montana Democrat, made public his health care reform plan, with an estimated cost of $774 billion over 10 years. The Baucus plan would be paid for by an array of taxes and fees on high-end group insurance plans, drug and medical device makers, and other sources, with no mention of any tax on sugary beverages.
The scientific paper found that a beverage tax might not only raise revenue but have significant health effects, lowering consumption of soda and other sweet drinks enough to lead to a small weight loss and reduced health risks among many Americans.
The study cited research on price elasticity for soft drinks that has shown that for every 10 percent rise in price, consumption declines 8 to 10 percent.
The real goal? Tax revenue. Democrats don’t give a rats ass if people die from obesity but they know a fat hog when they see one and they want a piece of that money.
Cap-n-Tax will cost the average American family $1700/year.
Health care under the Baucus plan would cost a family of four $700/month minimum. That’s much more than some pay right now and nearly $9,000 in new taxes. In addition, the Baucus plan has perverse incentives to hurt single people and single parents with children.
Add this all up and the American family could be paying $15,000 more/year than they are now. Remember, the Bush tax cuts are about to be repealed. All in all, average Americans will be burdened.
More than that, this is all during a recession. So that means that less money will be circulated into the economy. The government will control American purse strings. With less money, job creation will come to a halt. Temporary jobs and lower income jobs will be eliminated. Again, the poor, working class and middle class will be affected most. These plans will create more wards of the state.
But of course, this is all common sense. The population is aging, there are fewer workers and more obligations. The only choice is to reduce obligations or increase taxation on producers. The solution, Democrat-style is to always increase taxation.
And the poor and middle class always get screwed first. Always.