Pelosi Bill Raises Taxes $730 Billion

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Port Huron Tea Party
P.O. Box 596142
Fort Gratiot, MI 48059

We are a non-partisan grassroots organization, made up of people of every race, party, and socio-economic level, who are dedicated to restoring America to a Constitutional, limited, fiscally responsible governmnet; both in Washington, D.C. and Lansing.

Because we have recognized we are in a financial, constitutional, and moral crisis!

To be seen and heard by our elected representatives and President, to continue the pressure on them, and give them the message that WE DEMAND A RETURN TO THE PRINCIPLES, VALUES AND INTENTS OF OUR FOUNDING FATHERS; THE U.S. CONSTITUTION, and LIMITED, RESPONSIBLE GOVERNMENT!!!

Pelosi Health Care Bill raises taxes by $730 Billion

The Medical Rights and Reform Act (H.R. 3970) was introduced as a centrist alternative for health care reform that lowers costs and expands coverage without raising taxes.

When Speaker Pelosi unveiled the final version of her government health care bill (H.R. 3962), she said it cost less than $900 billion. Hours later, the Congressional Budget Office reported the bill would actually cost $1.05 trillion.

Take a look at the following list of tax increases found inside Speaker Pelosi’s 1,990-page bill -- nearly $730 billion in new taxes on individuals and small businesses.

Top Ten Tax Increases Included in H.R. 3962

1. SMALL BUSINESS SURTAX (Sec. 551, p. 336): $460.5 BILLION

2. EMPLOYER MANDATE TAX (Secs. 511-512, p. 308): $135.0 BILLION

3. INDIVIDUAL MANDATE TAX (Sec. 501, p. 296): $33.0 BILLION

4. MEDICAL DEVICE TAX (Sec. 552, p. 339): $20.0 BILLION

5. $2,500 ANNUAL CAP ON FLEXIBLE SPENDING ACCOUNTS(FSAs) (Sec. 532, p. 325): $13.3 BILLION

6. PROHIBITION ON PRE-TAX PURCHASES OF OVER-THE-COUNTER DRUGS THROUGH HEALTH SAVINGS ACCOUNTS (HSAs), FSAs, AND HEALTH REIMBURSEMENT ARRANGEMENTS (HRAs) (Sec. 531, p. 324): $5.0 BILLION

7. TAX ON HEALTH INSURANCE POLICIES TO FUND COMPARITIVE EFFECTIVENESS RESEARCH TRUST FUND (Sec. 1802, p. 1162): $2.0 BILLION

8. 20% PENALTY ON CERTAIN HSA DISTRIBUTIONS (Sec. 533, p. 326): $1.3 BILLION

9. OTHER TAX HIKES AND INCREASED COMPLIANCE COSTS ON U.S. JOB CREATORS:$56.4 BILLION

· IRS reporting on payments to certain businesses (Sec. 553, p. 344):$17.1 BILLION

· Delay implementation of worldwide interest allocation rules (Sec. 554, p. 345): $26.1 BILLION

· Override U.S. treaties on certain payments by “insourcing” business (Sec. 561, p. 346): $7.5 BILLION

· Codify economic substance doctrine and impose penalties (Sec. 562, p. 349): $5.7 BILLION

10. OTHER REVENUE-RAISING PROVISIONS: $3.0 BILLION

TOTAL TAX INCREASES: $729.5 BILLION

(Sources: Joint Committee on Taxation, Congressional Budget Office)

TAKE ACTION NOW

The clock is ticking. The vote is expected to occur at the end of this week. There are only a few short days to do all you can to contact your Representatives and to make your voice heard in opposition to this bill. Phone calls are best, so please try to phone both your Representatives Capitol Hill office and his/her district office at least once a day, everyday this week.

For your convenience, here is our list of crucial target Members of Congress. These Members need extra pressure to stand up to Nancy Pelosi and vote NO on H.R. 3962 this week. If your own Representative is solidly opposed to this bill, please phone one of your friends or family members who lives in a district who has a Representative on the fence or who may be leaning toward supporting it, and encourage them to get involved in this fight!

Port Huron Tea Party

Silent Majority No More

Pelosi Health Care Bill raises taxes by $730 Billion

Top Ten Tax Increases Included in H.R. 3962