Daily Archives: September 25, 2010

>Middletown Dems – Byrnes & Mahoney To Hold Town Hall Meeting

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Middletown Democratic Committeeman Sean Byrnes, a long with his running mate Mary Mahoney, will hold the first of two planned Town Hall meetings Monday night September 27th at 7pm. The meeting will be held at Panera Breads, 776 Hwy 35 Middletown,NJ.
“The Status Quo Is Not Good Enough, Have You Had Enough?”

(click on image to enlarge)

Hear about and discuss issues affecting your quality of life in Middletown.

A second Town Hall meeting will be held on Wednesday Oct.13th in Leonardo.

Further details will be release as the date draws near.

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Filed under Byrnes and Mahoney, Middletown Democrats, Panera Breads, town hall meeting

>Health reform’s benefits kick in

>By REP. CHRIS VAN HOLLEN posted at Politico.com

Six months ago, President Barack Obama signed the new health reform legislation that will bring down health care costs for American families and small businesses, expand health coverage to an additional 32 million Americans and end the widespread abuses in the health insurance industry. The Affordable Care Act is the most groundbreaking reform of health care coverage since Medicare. It reduces the deficit by $1.2 trillion in the next 20 years, according to the nonpartisan Congressional Budget Office.

Americans are already benefiting from several important provisions that have taken effect. More than 4 million small businesses are eligible for $40 billion in tax credits, helping them offer employee health insurance coverage. Children with pre-existing conditions who have long been denied coverage now have access to a health plan in every state, including Maryland. Seniors in the Medicare Part D program are now receiving an annual supplement of $250 as the first installment toward closing the notorious “doughnut hole.” No longer will seniors be forced to choose between food or heat and lifesaving medications. Early retirees are also benefiting, because the program helps employers continue their health coverage.

This week, some crucial health care consumer protections begin. This new Patients’ Bill of Rights helps Americans obtain better care, lower their costs and improve their health coverage security.

Health insurance companies will no longer be able to drop people’s coverage when they get sick and need health care the most. Young adults — the largest population of uninsured Americans before passage of this law — can now remain on their parents’ health insurance plan until their 26th birthday. Health plans can no longer impose lifetime limits on coverage, and annual limits are to be phased out over three years — a dramatic change for families, because more than 60 percent of people who declared bankruptcy in 2007 cited medical bills as a reason, and medical costs have only increased since.

Over time, the Affordable Care Act will prohibit insurance companies from denying anyone coverage based on pre-existing conditions, create insurance exchanges so that Americans have the same health plan choices as members of Congress and implement the biggest tax cut for health care in U.S. history to ensure that middle-class families can afford insurance. The new law puts Americans, not the health insurance companies, in charge of their own health care.

Unfortunately, Washington Republicans want to repeal the law and take away these important consumer protections and benefits. Under their plan, things would grow worse and the deficit would increase. The CBO found that the Republicans’ plan would increase the number of uninsured to 52 million — higher than today.

The Republican plan would also make coverage unaffordable for millions of Americans, eliminate tax credits that help people cover their premiums and remove assistance to small businesses that offer coverage for their employees.

I am proud that these reforms, enacted by Congress, are helping make a difference in Americans’ lives today, and I am committed to ensuring the legislation is implemented successfully.

To learn more about these provisions and other ways that health reform will help you, please visit http://www.healthcare.gov/.

Rep. Chris Van Hollen (D-Md.) serves as assistant to Speaker Nancy Pelosi (D-Calif.) and is chairman of the Democratic Congressional Campaign Committee.

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Filed under health care reform, Politico.com, President Obama, Rep. Chris Van Hollen, The Affordable Care Act

>How Tax Brackets Work

>The following blog post was written by Dave Johnson over at the website Campaign for America’s Future and it explains in very simple details how tax brackets work. So don’t fall for all the rhetoric surrounding the issue of whether to allow the Bush tax cuts to expire before you understand how tax brackets actually work. There is a lot of miss-information out there specifically designed to mislead the American public into believing the if the tax cuts were to expire, many would be burdened beyond their means which is simply not true:

This discussion of whether to get rid of the Bush tax cuts for the rich has been a learning experience. I have been listening on the radio and reading the comments at blogs. The main thing I am concluding is that people just do not understand how tax brackets work.


When people talk about raising taxes on people “who make more than” a certain income they really mean that they are going to raise it ONLY on the income that comes in after a certain income is received, not on the person’t entire income.


Here is what I mean. Suppose they say they are going to raise taxes on incomes above $250K. People seem to think that this means if you earn $250K plus a dollar, that you owe an additional tax on the entire $250K. This is not correct. I actually hear stories about people who give away money, and do other things to avoid going “into a higher bracket” because they think they have to pay additional taxes on their entire earnings.

Here is how it really works. What happens is that the first $250K is taxed just like it has been, but anything that is made over $250K — and only the amount over $250K — is then taxed at the higher rate. The tax on the amount below $250K is not changed.

Example: Suppose the tax increase is 5% on income over $250K. This means that a person who reports income of $250K plus one dollar will be taxed an additional 5 cents. FIVE CENTS!

Yes, that’s right, if it is 5% they are talking about then it means a 5 cent tax increase on people who make $250,001.

Let me repeat that. If you make $250,001, and they raise taxes 5% on people who make over $250K, then you will have to pay 5 cents more. Five cents. F.I.V.E. C.E.N.T.S. That is what people are so upset about. 5 cents.

If it is 5% a person making $260K might pay an additional $500. That’s right, the proposed tax increase is approx. $42 a month on people making $260K, about $21,600 a month. Forty-four dollars out of twenty-one thousand. THIS is what all the right-wingers are screaming about. THIS is what all the Ayn Rand cultists are threatening to stop working over. THAT is how tax brackets work.

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Filed under Bush Tax Cuts, Campaign for America's Future, Tax Brackets

>President Obama’s Weekly Address 9/25/10: Crossroads on the Economy

>The President lays out the choice between his plan to keep our economy moving forward, and the agenda put out by Republicans in Congress taking us backward to the special interest economy that created this mess.

http://www.whitehouse.gov/sites/all/modules/swftools/shared/flash_media_player/player5x2.swf

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Filed under economy, House Republicans, President Obama, special interests, weekly address