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So -- -- tax hikes associate with both congressional health care bills.
Be enough to cover what the White House wants our next guest.
Thinks that's just the beginning -- Mitchell is a senior fellow at the Cato Institute joining us now from Denver putting -- down.
There's no question that this bill is gonna cost much more than they're telling us.
The history of government forecasting health care's tar -- When they first get Medicaid are the -- 1960s.
They said it would cost about 101000000012 billion dollars -- 1990.
At cost more than a hundred billion dollars Medicaid would just but -- a tiny program.
And now it's costing taxpayers 280 billion dollar programs.
I can guarantee you at this government run health care goes throw we can expect.
To blow a hole in the budget and the tax increases that are in the bill will just be the beginning at one thing your average -- -- understand.
There aren't enough rich people to pay for big government.
So at the end of the day it's middle class people who are gonna take it in the back at this budget busting legislation is approved.
Well not only that since most of these tax increases are not indexed for inflation we have the possibility of another AMT situation something that was originally meant.
For just a handful of people that eventually hits about twenty million people.
Yeah there's no question when the politicians say oh it's only their -- that are gonna pay.
Remember the AMT.
You go all the way back in 1969.
It was just going after a couple of -- rich people that supposedly didn't pay any tax because of deductions.
And now it's hitting three to four million.
And if it wasn't for the band aids in the -- they did it would hit twenty million the same thing's going to happen with this wide because the politicians cannot finance big government.
Just by going after the -- and besides when you put in high tax rates they're rich white got hiding in sheltering their income you have all these -- -- current responses.
This is going to be a giant deficit increasing piece of legislation.
Which is why Pelosi and Reid and Obama.
Are talking about saddling middle class Americans what -- giant value added tax and bright ones that -- -- We might as well on brother white flag because we're going to be a European -- personally sit down let's let's trust in this former what would be a better solution.
Well a better solution would be -- undo all the government intervention and distortions that effort to health care market.
And a few places that our health care system were -- markets are allowed to operate.
Things like laser eye surgery cosmetic surgery.
Prices come down every year equality goes up it's only because of government cause third party payment.
That is destroy the free market and the rest of health care that's -- prices are rising so much that's why the market doesn't work.
So the idea that more government is going to solve the problems caused by too much government already that's sort of like saying we should put out a fire by pouring gasoline on it.
Dan Mitchell from the Cato Institute Dan thank you very much.
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