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IPFS News Link • TAXES: Federal

House eyes new taxes as senators pare health bill

• AP
A proposal to help bankroll universal health coverage with a dime-a-can increase in the price of soft drinks.

House Democrats have lots of potential targets for higher taxes as they aim to expand health care coverage to reach the roughly 50 million that experts say are uninsured.

Also under consideration are higher alcohol taxes, increases to the Medicare payroll tax and a value-added tax, a sort of national sales tax, of up to 1.5 percent or more.

The list of options being weighed by the tax-writing House Ways and Means Committee.

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