Senate Proceeding 11-10-09 on Nov 10th, 2009 :: 5:34:25 to 5:36:45
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5:34:22 to 5:34:43( Edit History Discussion )

John Thune: state lines, reducing the number of lawsuits against doctors, and stop that flunk the test. >> with "the wall street journal" has called the worst bill has now been passed by the representatives by a narrow vote last week, and i think what is

5:34:25 to 5:36:45( Edit History Discussion )
Speech By: John Thune

5:34:44 to 5:35:05( Edit History Discussion )

John Thune: telling about the 39 members who voted against that bill as they all made comments in opposition to the bill that reflect what many of us have been seeing, and that is that one, it creates -- it doesn't do enough to address the deficit that continues to grow every year. it doesn't do enough to control cost. they are worried about the level

5:35:06 to 5:35:30( Edit History Discussion )

John Thune: ofpending and expansion of government that included in the bill. and by the way, the ten year fully implemented cost of the hous bill is $3 trillion, expansion of the federal government. and if you look at where the taxes that are used to finance it, where the burden of the tax is going to fall its windfall on a lot of ethridge, middle class

5:35:31 to 5:35:51( Edit History Discussion )

John Thune: americans. $750 billion taxes, three erbe 3 billion in the individual mandate which according to the cbo half of which would fall on those with incomes from $20,200,800 to 64,000 -- $64,800. so basically that middle-income category across the country is going to get hit by the

5:35:52 to 5:36:12( Edit History Discussion )

John Thune: individual mandate. $135 billion in the pay or play mandate that would hit small businesses, payroll taxes of 2% up to 8%, depending with the level of their payroll is and then $460 billion with the new 5.4% surcharge that would raise next year when the tax 2001 and 2003 expire the top

5:36:13 to 5:36:34( Edit History Discussion )

John Thune: marginal income-tax rate to 35% which is a great we haven't seen in 25 years, and the irony of that is everybody assumes that's going to fall o the rich. it's going to hit a lot of small businesses in fact d.c. according to the cbo about one-third of that will be borne by small businesses who are organized as subchapter s corporations. so new taxes, and again at the end of the day the biggest

5:36:35 to 5:36:46( Edit History Discussion )

John Thune: problem the democrats in t house had and the problem they are going to have i think getting democrats in the senate to vote for this is it doesn't address the fundamental issue that people think health care reform ought to be about and