every time a member of the public sells more than $600 worth of gold to a dealer, Piret said, the transaction will have to be reported to the government by the buyer.Throughout the debate, opponents repeatedly argued that the bill was not about health care reform, but about extending big government control over a large portion of the U.S. economy. The more we know about the new law, the more they are proven correct. What do taxes on the sale of gold coins, or new 1099 requirements have to do with health care? Nothing.
This provision, intended to mine what the IRS deems a vast reservoir of uncollected income tax, was included in the health care legislation ostensibly as a way to pay for it. The tax code tweak is expected to raise $17 billion over the next 10 years, according to the Joint Committee on Taxation.More taxes and more spending. That's what the Democratic party is all about, their lies to the contrary not withstanding. Knowing that the public in general strongly opposes most new taxes, Democrats can't admit their love of tax hikes. Instead they must find ways to create new ones by burying them in gigantic bills that are rammed through on party-line votes. Yet another reason to vote Republican.