Reid Moves Toward Progressive Financing Measure to Help Fund Health Care Reform

November 12, 2009

WASHINGTON, Nov. 12 /PRNewswire-USNewswire/ — Senate Majority Leader Harry Reid reportedly is moving closer toward a progressive way to fund quality, affordable health care for all.

The Associated Press late Wednesday reported that one of the options Reid has under review is asking individuals who earn more than $250,000 a year to pay a modest increase in the payroll tax that goes to Medicare. This measure would bring in needed revenue to pay for comprehensive health care reform, but also would be consistent with President Obama’s promise not to raise taxes on individuals earning less than $250,000 a year.

The House, in part, funds health care reform by applying a 5.4 percent surtax on income above $500,000 for individuals and $1 million for couples.

“This would mean a significant shift on the part of Senate leadership,” said USAction Program Director Alan Charney. “It would move the Senate leadership closer to the House. The Senate would be asking the very wealthiest Americans who have enjoyed tax cut after tax cut over the past eight years to pay their fair share. That’s the only we are going to finally realize the dream of quality, affordable health care for all with a public health insurance option.”

USAction earlier this year, along with coalition partners Citizens for Tax Justice and SEIU, called for a set of progressive revenue measures to fund health care reform. These measures included a surcharge on the wealthiest one percent of Americans, reforming the Medicare tax and limiting itemized deductions.

USAction co-founded Health Care for America Now, the nation’s largest health care reform campaign, and co-chairs its steering committee. Since May, USAction and its affiliates and partners in 28 states organized or supported more 363 town hall meetings and forums on health care and generated 389,028 grassroots contacts to Congress, including phone calls, letters, faxes, emails and petitions.


Source: newswire

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