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The total cost of overhauling health care is estimated at over $1 trillion, and the administration has made it clear that it doesn't want the overhaul to add to the already giant federal budget deficit.
When it comes to paying for all those changes, it'll be all hands on deck. Consumers, employers, health care providers and others in the industry will be asked to contribute. "We'll pay for it in a balanced way," Baucus said.
Impose Medicare tax on state and local government employees: Currently the wages of some state and municipal employees are not subject to the 2.9% Medicare payroll tax that other workers and their employers pay. Lawmakers may decide to subject all such employees to the tax.
Tax sugary and alcoholic drinks: One option under consideration would standardize and increase the federal tax on alcohol. Another would impose a new federal tax on beverages sweetened with sugar, high-fructose syrup or other ingredients. Diet sodas and other artificially sweetened beverages, however, would not be taxed.