An earlier post raised the possibility that, in the absence of Republican majorities in either house of Congress, interest groups, lawyers, or judges would provide resistance to President Obama's expansion of government influence in the economy. One such interest group, the American Medical Association, does not seem to be rising to that role. Today it issued a letter backing the House health-care overhaul bill that would, according to the Tax Foundation's analysis, raise the top marginal tax rate in New York City to a confiscatory 58.68 percent, and raise the overall top marginal rate to more than 50 percent in 39 states. Maybe the AMA figures there aren't that many doctors earning more than $1 million a year?
AMA Backs House Health Bill
by Editor | Related Topics: Health Care, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list