UGLY

Please Read . link about his health care plan.

http://www.house.gov/ryan/issuepaper...ssuepaper.html

Aside from this Ryan has proposed a straight forward tax plan, couples making less than 100,000 per year pay 10% under 50,000 a year for singles. Those making more than 100,000 would pay 25% and singles making more than 50k. Eliminating the death, capitol gains and other frivolous taxes. A corporate tax rate of 8%. No deductions no penalties just pay the taxes, straight forward and simple. No loop holes for companies to hide behind and no way for lower income Americans to ride the coat tails of the rich. The rich would still pay the large majority of taxes.

FloggingSully

There are some decent ideas in his health plan, although the whole 'marketplace for insurance' I think misses the point. Competition amoung insurance companies isn't going to do much to decrease the cost of healthcare (which is the big issue) since insurance companies have relatively low profit margins. The transparancy in pricing idea is good but if everyone is still having everything paid by insurance it won't do much to bring down prices.

The tax idea isn't particularly new, it has some merit but problems as well. If only salaries are taxed then it creates all sorts of loop holes for the upper class to avoid paying taxes, it also takes away the ability for the government to incentivise anything through tax breaks (which is either a good or bad thing depending on your perspective).

__________________
There's no such thing as a pretty good aligator wrestler.

quinn14

So far, I agree with Ugly and Sully. My big question about health care is why is it that some hospitals don't accept some insurance? If I get sick, according to my local hospital, I can't go to them. I have insurance and pay a lot for it. The hospital just doesn't accept it. So who is really keeping the costs high?

I think all insurance should be accepted by all hospitals.

FloggingSully

Hospitals don't take all insurance because insurance will only pay providers who agree to whatever cost the insurance company is willing to pay. I think a much better way of doing it would be to require insurance companies to pay a certain amount for various procedures and let the insuree pick which provider they want to spend that money at (and pay the extra if they go someplace expensive).

And as long as we're complaining about insurance, my plan is based in another state and their website will only let me search in-network providers in that state (which is on the other side of the country). When I called the helpline they told me to search providers under another plan and call and ask the if they accept my plan. How many receptionists do you think have any idea if they take some random insurance plan from the west coast?

__________________
There's no such thing as a pretty good aligator wrestler.

quinn14

That is what I'm saying. I don't know who is the bad guy, the hospital or the insurance companies. So why do people always go straight to insurance companies when they talk about health care. I think hospitals play a vital role in the costs and could play a vital role in keeping them down.

RYou

Eliminating the death, capitol gains and other frivolous taxes.

No way no how would Obama let the capital gains tax slip away. He wants to bump it back up.

A corporate tax rate of 8%.

That would only chase more businesses to reincorporate outside of the US. Foster Wheeler is an example, they pulled up roots and headed offshore purely to avoid US taxes on foreign revenue. Haliburton did the same, it moved to tax friendly Dubai.

__________________
Brrrrrrrrr It's cold outside !

UGLY

We know that more competition creates lower prices because to be competetive companies have to be within a price range of their competitor and consumers will go fo rth ebest deal.

I dont see the loop holes for the upper class to avoid taxation. Everyone has got to pay taxes on money earned. If this loophole did exist it would be very simple to fix it because of how simple the tax code was. The tax plan makes perfect sense to me, make the code simple and to the point and eliminate loopholes, everyone pays IMO a fair amount.

UGLY

The coporate tax rate in the US right now I believe is between 20 and 30% I think 8 would have people running back home. Even 15 should have people coming back. And it might bring other companies in.

ODH

I sthis tax plan "revenue nuetral"?
I read some of the links, but could not find the answer to this.
I don't believe cutting taxes is wise with the size deficit that we have. Balance the budget then start thinking about tax cuts.

FloggingSully

Competition drives profits down, competition in industies with slim profit margins won't reduce the prices people pay that much because very little of what get's paid is profit. Say you open up a health insurance company, you're really smart and you get everything set up so that for every $100 you pay out in claims you bring in $101 in premiums. I then open up another insurance co to compete with you, I figure out a system where I bring in $100.50 for every $100 I pay out, you go back to the drawing board and pretty soon you're brining in $100.25 in premiums for every $100 you pay out. There's lots of competition, it's forcing both companies to be more efficient, but the consumer isn't really saving any money.


The higher ups in most companies will start negotiating alternative compensation packages, they'll be paid in stock options, or get company cars, houses, etc which they wouldn't pay taxes on. The only way to close these loopholes is to start taxing that stuff, which pretty much defeats the purpose of this guys proposal.

__________________
There's no such thing as a pretty good aligator wrestler.