The raging controversies over health care reform and cap and trade are best understood if they are described as tax bills rather than reform. A view of current and projected deficits certainly supports the idea that massive new revenues are required. Of course, politicians would lose a lot of votes if they proposed direct new taxes, and it would hurt even more to propose reduction in spending.
Health care reform and cap and trade are perfect vehicles. They are major "crises;" they are being driven by "greed and miscreants"; and we the people must put a stop to them. This article summarizes the tax features of the current version of healthcare legislation. http://www.humanevents.com/article.php?id=34588 It is hard to argue that it is not a tax bill.
The main benefits of these bills are that they are a major payday for politicians (our public rats). For example, Mary Landreiu (D-La) managed to secure a $300 million payoff for the state of Lousiana for her vote to move healthcare to Senate debate. Think of the endless flood of campaign contributions sure to follow for both parties to fund the fiscal orgy.
Poor financial governance is the origin of these fiscal debacles. It creates and perpetuates them...support the Hedge Tax Policy at www.hedgehogparty.com.