U.S. Army Sgt. Brian Terry, assigned to the 626th Brigade Support Battalion, 101st Airborne Division, welds a piece of metal as he fabricates a Humvee vehicle part on Forward Operating Base Dragon, Iraq, Jan. 9, 2008. U.S. Air Force photo by Tech. Sgt. Adrian Cadiz.
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Tax hikes could pay for $36 trillion in Medicare costs, Dems say
By: News Bites | Submitted on: 07/10/08(SGT NEWS BITE) - Sens. Jay Rockefeller (D-W.Va.) and Barbara Boxer (D-Calif.) told Cybercast News Service on Tuesday that they would support raising taxes to pay the $36.3 trillion needed to pay for promised Medicare benefits over the next 75 years.
Sen. Kit Bond (R-Mo.), however, told Cybercast News Service that he thinks the level of health care provided to Americans through Medicare can be improved without raising taxes.
“We are going to have to pay for it, and there is no question that raising taxes is certainly one way,” Rockefeller said. “There is no way, if we continue on the current path, that we can pay for these services – and to prove that, they (Medicare services) are falling off rapidly on all fronts.”
Link to full article (opens in new window)
Sen. Kit Bond (R-Mo.), however, told Cybercast News Service that he thinks the level of health care provided to Americans through Medicare can be improved without raising taxes.
“We are going to have to pay for it, and there is no question that raising taxes is certainly one way,” Rockefeller said. “There is no way, if we continue on the current path, that we can pay for these services – and to prove that, they (Medicare services) are falling off rapidly on all fronts.”
Link to full article (opens in new window)
News Bites are short one or two paragraph excerpts of external news articles with links to the original source.
