But despite assurances that the federal government would largely fund the expansion, more than 20 states opted out. Florida is one of them. Hi are you denise . Yes, i am. Im josh rushing. Very nice to meet you. Please come in. Nice to meet you. Thank you so much. In 2005, denise wade and her husband barry moved to florida to help her aging parents. They had solid careers and financial security. A fairy tale wedding huh . It was. It really was a fairytale wedding. What was he like . He was very assertive. He was an extrovert. He was very gregarious. He would give you the shirt off his back. In the economic downturn, barry lost his job and Health Insuranceand then he was diagnosed with cancer. Their ideal life quickly fell apart. The Affordable Care act was supposed to help people like denise. But like millions of others, she is caught in a Health Care Coverage gapwith no access to affordable insurance. If we had had the opportunity to have found out that he had the cancer earlier than w
Is heading west to Silicon Valley. Nearly 6,200 people have died in nepal from the devastating earthquake that struck the country nearly a week ago. Almost 14,000 people have been injured. Many bodies are still being recovered from the rubble and now there is the threat of disease. In the capital kathmandu more than 20,000 people are living in 21 relocation camps. The conditions are poor with no clean water and not enough toilets. The United Nations says there is a growing number of diarrhea cases in quakehit areas. Health workers are trying to prevent an outbreak of disease. One disease that we are always concerned about in a situation like this is measles and uncief will be looking at emergency measles vaccination campaign. Measles can kill children, especially if they are in a bad situation and they have vulnerable health. We are looking at that, thats a concern, diarrhea is a concern and we are making sure kids hands are clean so they dont get sick. There are still thousands in rem
The revenue base is inadequate and have no way of getting to the specific spending reductions to hit their deficit targets of the plug the hole by rationing down Discretionary Spending in a way that is not what is the appropriate Revenue Target . If you look at the 2020 horizon and try to do the math, i think we need about 2 of gdp in additional revenue compared to current policy. That would come if we just allow all of the tax cuts, not just those of up to it pretty thousand dollars in income to expire. Not something we should do it immediately those of up to 250,000 in income to expire. Not something we should do it immediately. Beneath to we need to tackle entitlement as part of the package. When i get to the bidding cut out of the nondefense Discretionary Spending. In terms of the revenue, the key is broadening the tax base, bringing down the tax expenditures. There is a lot of revenue to be had in doing that. A plan that raised one put by of gdp without higher tax rates is feasibl
Cost of tax reductions. The alternative minimum tax is 28 . If your tax rate was lowered to 25 . You still have to pay 28 . That is correct. For incomes between to london thousand dollars and 500,000, the effective tax rate is 35 . You hit the 35 rate and incomes fire lower than the income levels at which you would hit the 35 rate and regular tax. Why do they call it a patch . It is a one time year by year patch to stop the broad expansion. You could ask why they call it a cliff. They have discussed this in terms of the patch. It is a year by year increase in the exemptions. The patches nothing but the increase in the a in the exemption to prevent tens of millions of people from being forced to fill up the return you have. The only thing i would add is the package, what makes this so critical in the fiscal cliff discussion, is we are talking about the past for the 2012 taxable year. Unlike the rest of the fiscal cliff which effects rates that will apply next year. The patch applies for
At times contradictory speech that included shots of republicans who were opposing obamacare. We have learned not to make wild promises about how perfectly smooth it is going to be an all times. Do not let the initial problems with the website discourage you. We are going to keep on working to fix whatever problems, the mahler ever comes up we will fi and the reader never peeling as long as im president. The statements lou the statements come after announcing that the administration had met their own selfimposed deadline of november 30th to have the website problems fixed. Fox news chief White House Correspondent ed henry is at the white house tonight with our report. The bottom line is this law is working and will work into the future. A defiant president obama tried to change the rollout. As he unveiled yet another sales pitch that republicans are still just not buyin. The white house wants to claim that health care is now working. We know that obamacare is plagued with problems. And