The Wall Street Journal's View On Healthcare Reform

Today's Wall Street Journal posted an editorial on what the currently proposed healthcare reform will do to the federal budget and the tax rates of average Americans.  According to the article:

"Mr. Obama's February budget provided the outline, but the House bill now fills in the details. To wit, tax increases that would take U.S. rates higher even than most of Europe. Yet even those increases aren't nearly enough to finance the $1 trillion in new spending, which itself is surely a low-ball estimate. Meanwhile, the bill would create a new government health entitlement that will kill private insurance and lead to a government-run system."

Please read the entire article for the entire picture of what is in store for America if this bill is passed.  It will give us a basic tax rate similar to the countries in Europe which are considered socialist countries.