Wednesday, October 07, 2009

Study: Redistribution of income due to HR3200

The Tax Foundation has a great slide show on the income redistribution effects of HR3200, the House version of Healthcare "reform." Their full study is HERE. This bill would increase redistribution to $1.4 trillion.

Of course, that is just the beginning of the story. High income earners would then adjust their behavior by reducing their taxable income and voila, less tax revenue and bigger deficits.