Who will pay for nationalized health care? Politico reports that House Speaker Nancy Pelosi wants it to be the millionaires. The historic health-care bill wending its way through the House would raise taxes for individuals with annual adjusted gross incomes of $280,000 or families making $350,000 or more. In a bid to sell the bill to conservative Democrats, Pelosi has proposed raising the trigger to $500,000 for individuals and $1 million for families, "so it's a millionaire's tax," she said. As Pelosi later put it, "You hear '$500,000 a year,' you think, 'My God, that's not me.'" Pelosi also said she'd try to "drain" more savings from the medical industry in order to keep costs low.
Read it at PoliticoTrending Now
