1) 40% excise tax on health coverage in excess of $8,500/$23,000 ($149.1 billion) 2) Employer W-2 reporting of value of health (negligible revenue effect) 3) Conform definition of medical expenses ($5.0 billion) 4) Increase penalty for nonqualified health savings account distributions to 20% ($1.3 billion) 5) Limit health flexible spending arrangements in cafeteria plans to $2,500 ($14.6 billion) 6) Require information reporting on payments to corporations ($17.1 billion) 7) Additional requirements for section 501(c)(3) hospitals (negligible revenue effects) 8) Impose annual fee on manufacturers & importers of branded drugs ($22.2 billion) 9) Impose annual fee on manufacturers & importers of medical devices ($19.3 billion) 10) Impose annual fee on health insurance providers ($60.4 billion) 11) Study and report of effect on veterans health care (no revenue effect) 12) Eliminate deduction for expenses allocable to Medicare Part D subsidy ($5.4 billion) 13) Raise 7.5% AGI floor on medical expenses deduction to 10% ($15.2 billion) 14) $500,000 deduction limitation on taxable year remuneration to health insurance officials ($0.6 billion) 15) Additional 0.5% hospital insurance tax on wages > $200,000 ($250,000 joint) ($53.8 billion) 16) Modification of section 833 treatment of certain health organizations ($0.4 billion) 17) Impose 5% excise tax on cosmetic surgery ($5.8 billion) http://taxprof.typepad.com/taxprof_blog/2009/11/17-tax-increases.html
You haven't seen anything yet. Wait until after the NEXT round of stimulus funds are exhausted. Then, China will have started threatening war over their lost money, UI benefits will be history AND the only people buying govt bonds will be the govt, together with 30% unemployment and 100% inflation. Oh, happy day... and Obama will continue blaming others for his own debts and national hazards. What a guy!