On the recordMarch 24, 2010
Mr. President, before I talk about my amendment to exempt our Nation's wounded warriors from this new medical device tax, let me take a moment to talk about the enormous tax burden imposed under this bill. Republicans in Congress agree with the majority of Americans who believe that simply throwing more hard-earned taxpayer dollars at a $2.5 trillion health care system will not deliver meaningful reform. Simply raising more than $650 billion in new taxes at a time when our national unemployment rate stagnates near double digits is a really bad idea. Now, let us take a look at the claims that despite more than $650 billion in new taxes in this bill, this big government bill will not raise taxes for Americans making less than $200,000 a year, a pledge that President Obama repeatedly mentioned both as a candidate and then as our President. Well, the Democratic chairman of the Finance Committee, and I commend him for his honesty, in his floor remarks on March 23, 2010, stated: One other point that I think is very important to make is that it is true that in certain cases, the taxes will go up for some Americans who might be making less than $200,000. We have known all along that this pledge is an illusion that will slowly but continuously disappear over time.…





