Obama plans 'down payment' on healthcare overhaul
Friday, February 27, 2009 - 11:25
in Mathematics & Economics
The president proposes new taxes on wealthier Americans to help expand access to the 47 million uninsured. Making good on populist rhetoric he has employed since he was a candidate, President Obama plans to begin paying for a healthcare overhaul with $634 billion in new taxes on wealthy Americans and by changing the way the government pays for some health services, administration officials said Wednesday.