As John Kartch of Americans for Tax Reform has written for FoxNews.com, these tax increases, strategically timed to kick in after the election, include (1) a 2.3 percent tax on medical device makers, which "...will raise the price of ... every pacemaker, prosthetic limb, stent, and operating table"; (2) a tax increase on medical bills. "Currently, Americans are allowed to deduct medical expenses on their 1040 form to the extent the costs exceed 7.5 percent of one's adjusted gross income," writes Kartch. "The new Obamacare provision will raise that threshold to 10 percent, subjecting patients to a higher tax bill. This will hit pre-retirement seniors the hardest." (3) The amount of money one can place in Flexible Spending Accounts will be capped at $2,500. "These pre-tax accounts, which currently have no federal limit, are used to purchase everything from contact lenses to children's braces. With the cost of braces being as high as $7,200. ... The cap will also affect families with special-needs children...;" (4) A surtax on investment income that "will take a minimum of $123 billion out of taxpayer pockets over the next 10 years." (5) A Medicare payroll tax increase, which, according to Kartch, "...soaks employers to the tune of $86 billion over the next 10 years."
Romney should ask: Do you really think Washington can do a better job of caring for people and making their health decisions than individuals and their doctors? Romney might also pledge to work to find cures for the most expensive diseases, such as heart disease, cancer and Alzheimer's. Curing diseases will cost far less in the long run than treating them.
Romney should appeal to America's greatest strength -- its people. Vice President Joe Biden recently suggested it is "patriotic" to pay more taxes. True patriotism flows from liberty, not government dependency. We the people are America. Government isn't America.
With a $16 trillion debt and more coming if Obama is re-elected, there is no wealth left to "spread around." Borrowing from China isn't the answer. Relying on the economic engine that has always sustained this country is the answer. It's called capitalism. Distributing the wealth is socialism and Romney should call it that.
How important are these debates? The country's survival rides on them.
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