President proposes heath care expansion financed by rich liberals, people of color and immigrants
Conservative leaders skeptical that tax plan is sufficiently targeted
WASHINGTON - In an effort to break the logjam that has kept millions of Americans in numerous states from fully participating in all aspects of the Affordable Care Act, President Obama announced today that he would offer yet another olive branch to conservative critics of his signature health plan.
Under a new initiative the President referred to as the “Keeping Our Citizens Healthy by Selling-out Wholesale If Necessary” plan or “KOCHS WIN” for short, Medicaid expansion and other costs associated with the Affordable Care Act would be underwritten as of January, 2015 via a series of new taxes to be levied directly on three of Mr. Obama’s most loyal groups of supporters: liberal billionaires, people of color and immigrants. The President announced the new plan today at a White House ceremony in which he was joined by Warren Buffett, Bill Gates, George Soros and a several members of the Rose Garden maintenance team.
According to Mr. Obama, the KOCHS WIN plan was just his latest good-faith effort to do whatever it takes to find common ground with critics who have fought the Affordable Care Act and virtually every other initiative of his administration since it took office in 2009, even when the initiatives in question were originally the critics’ ideas.
“My administration has compromised so much on so many things at this point – Iraq, Guantanamo, taxes, trade, reproductive rights, immigration, gun control, just to name a few – that this one was really a no-brainer,“ said the President. Hearkening back to a theme that has arisen repeatedly over the last five and a half years, Mr. Obama declared that “there are very few principles of progressivism and good governance that we aren’t prepared to sacrifice in order to get a deal and maybe save some lives.”
New tax schemes
Under the plan, which Mr. Buffett claimed to have first suggested to the President during toasts at a White House state dinner for African leaders last month, each of the growing number of billionaires who have contributed to the President’s Organizing for Action advocacy group and its affiliated nonprofits, plus those who are registered as Democrats or who have significant holdings in the film industry, will pay a special one-time surtax of 3% of their net wealth.
“Heck, I told the President that Bill, George and I ought to probably just pay for the whole darned thing ourselves,” said Mr. Buffett. “But he said ‘no, if we’re going to have a shot at getting this through we can’t let ourselves be accused of engaging in class warfare.’ That’s when someone – I think it was Harry Reid – suggested a small tax on some other groups conservatives love to hate. ”
Those other groups, under the initial version of the KOCHS WIN plan, would be immigrants and lower-income minorities – both of which would be targeted for new federal excise taxes. Read More