The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early CampFIRE


Subject:  CT- taxpayers screwed by ObamaKare Date:  11/22/2012  4:43 PM
Author:  telegraph Number:  656541 of 878805

as part of ObamaKare, states were urged to start providing coverage of more folks on 'everyone' is insured...


Connecticut: One-Fifth of Residents on Medicaid Leads to $1 Billion Deficit

Despite a $1.5 billion tax hike on income, sales, corporations, and other areas in 2011, the state of Connecticut is projected to have a budget deficit that reaches $1 billion by the end of June 30, 2013.

Gov. Dannel Malloy (D), who prefers to call the projected deficit a “shortfall,” claims that increased Medicaid costs and declining revenues are the problem. The state’s enrollment of low-income adults on Medicaid has increased in two years from 45,000 to 83,000. The total number of people in Connecticut now on Medicaid is 671,550, or approximately one-fifth of the state’s total population.

Gov. Malloy took office in 2010. However, his predecessor, Republican Gov. M. Jodi Rell, made Connecticut the first state to expand Medicaid under ObamaCare, asserting that the federal assistance would provide increased medical benefits for low-income individuals while relieving the burden on the state’s taxpayers."


so how they going to fix the problem? Needing another billion or more after they just raised taxes 1.5 billion?

"“I have no intention of raising taxes,” Malloy said, but then clarified that statement by saying that he could not rule out tax increases until he has a better view of the economic climate."


Unlike the feds, the states have to balance budgets. NO dem governor is going to chop the freebies for the welfare weenies and queenies. likely even more folks will move to CT and sign up for medicaid and welfare and whatever else CT is willing to give out, and taxpayers will decide its time to vote with their feet...along with corporations....

I hate to think what rate those CT folks will be paying. 15% income tax? that's state income tax and 10% sales taxes? And already giant real estate taxes.....

whoowie.....a liberal 'paradise'. They'll outdo Taxachussetts...

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us