A closer look at health care reform and the wealthy

Title: A closer look at health care reform and the wealthy

Published: Wed, 15 Jul 2009

Description: (NECN: Brian Burnell, Hartford, Conn.) - President Barack Obama is praising Congress today for taking a big step toward health care reform. But, the debate outside the beltway is focused on higher taxes, specifically, on whether the wealthy should...

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Automatically Generated Transcript (may not be 100% accurate)

" Praising congress today for taking a big step toward health care reform. But the debate outside the beltway is focused on higher taxes specifically. Should the wealthy pay more to cover the cost of a new health care system. And CN's Brian Riddell joins us from Hartford was more Brian. We'll check both the Senate and house versions of the bill do include provisions that would raise taxes on people making more than 250000. Dollars a year. Something that's a bad idea others say no it's necessary in order to pay for a long overdue overhaul of health care. President Obama took to the rose garden to praise senators and representatives from moving forward on health care reform the house pledged yesterday to debate the bill on the floor before the August break. Today thanks to the unyielding passion and inspiration of our brand. Ted Kennedy and to the bold leadership of senator Chris Dodd. The Senate help committee reached a major milestone by passing it similarly strong proposal for help. The plan that was debated for more than fifty hours. And that by the way includes a 160. Republican. Amendment."

" The president hopes that's an indication of bipartisan support but that remains to be seen. One provision that is meeting resistance from Republicans and conservative Democrats. Is the increase in taxes on the wealthy to help pay for people making over 250000. Dollars a year face a tax increase. Some say that's just unfair. By Stewart is with the Connecticut business and industry association of business lobbying group she argues targeted tax increases are Dicey especially in a tough economy."

" Connecticut we've lost 10000 millionaires. Since the Wall Street crashed. What does that mean when you're taxing these other people in means that it's very volatile so when you're looking at one level of taxes it's always a concern."

" But people were in favor of having the wealthy pay more say not only is that the right way to do it it's there because the well to do have done awfully well over the past ten years Tom Swann is head of the Connecticut citizens at."

" Should grow -- percentage of the population that we're dealing in -- is less than one and a half percent of the population. They will have received nearly twice as much money during the course of the bush tax cuts to mix here. As will be asked to pay over the next ten years in order to fund health care report."

" Democratic majorities in the house and senator big enough to pass health care reform without Republican support."

" The president's political organization is running television ads in eight states including Maine trying to drum up grassroots support for health care reform jet. Friday's you'd talk to people about the debate over the tax increase anybody on the fence you know what I was actually surprised to find there were some people on the fence there's a group here in Connecticut that's pushing for universal health care at the state level a representative from that organization said they really haven't taken a position on the tax increased provision. I talk to someone at the AARP the national group that lobbies for people over the age of fifty they also have not Aaron's all these groups are in support of health care reform. But ARP and the other group have not taken a position specifically on the tax increase provisions all right thanks Brian -- reporting live from Hartford Connecticut."

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