WKYT | Lexington, Kentucky | News

House Democrats look at taxing the rich to fund coverage for poor

WASHINGTON (AP) - House Democrats working on a health-care
overhaul are considering taxing the highest-paid wage earners to
help fund health-care coverage for the 50 million people who lack
Those familiar with the discussions say the tax would apply to
people with adjusted gross income of more than $200,000 and couples
with incomes over $250,000.
Also, House Ways and Means Chairman Charles Rangel says his
committee is trying to come up with $600 billion in new taxes to
fund the proposed measure. Hundreds of billions of more dollars
would come from cuts to Medicare and Medicaid.
The health-care overhaul pricetag is estimated at around $1
trillion over 10 years.
Lawmakers are meeting behind closed doors to hammer out the
details today. The House Energy and Commerce Committee chairman
says he's expecting to have a draft bill tomorrow.

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