SENATE BILL: The New Atlasian Healthcare Act (Law'd)

[Sbane]

We don't need to repeal the old one for this one to work. We need to insert language saying "Fritzcare (insert the official name for that) is amended as follows", or something like that.

Ok then, let's do that.

[Sbane]

Yes, that would be nice.

[Sbane]

As the amendment to take out chiropractic services was defeated, no. Also how do we want to add in that this amends the original law? Do it in the wiki or put it in this bill?

[Sbane]

The amendment has passed.


Is it possible to cap the Payroll tax hike and find a way to make up the loss of revenue from foregoing the final leg of implementation?

Or you could consider capping it in any case. Reducing the rate from the ultimate 6.5% to the current 4.5% would mean a loss of revenue of about $225 billion. This bill would save at least $300 billion in spending.

So we would save only $75 Billion a year? I think keeping the rate at 6.5% is probably a good idea so we can get savings of $300 Billion a year. And I am certainly not in favor of using those savings to have tax cuts. We should pay down the debt with that. That is the fiscally responsible thing to do.

[Sbane]

Shua, if we keep the payroll tax as is and institute the cuts as presented in this bill, how much revenue will we be getting from the taxes and how much will we be spending if we pass this bill. Trying to figure out how much we would still be taking from the general revenue. Thanks.

[Sbane]

Shua, if we keep the payroll tax as is and institute the cuts as presented in this bill, how much revenue will we be getting from the taxes and how much will we be spending if we pass this bill. Trying to figure out how much we would still be taking from the general revenue. Thanks.

When you say "as is" do you mean the current law or the current rate?

I mean if we keep the payroll tax and it's increases in place as was passed in the social security bill.

[Sbane]

Thank you for that. Scott, you want to stop the increase in payroll taxes and set it at 4.5%?

[Sbane]

Nay

[Sbane]

Aye