The Wall Street Journal's Janet Adamy and Laura Meckler report that "[The] House health bill penalizes all but tiniest employers for not providing insurance."

Adamy and Meckler write:

House Democrats on Tuesday unveiled sweeping health-care legislation that would hit all but the smallest businesses with a penalty equal to 8% of payroll if they fail to provide health insurance to workers.

The House bill, which also would impose new taxes on the wealthy estimated to bring in more than $544 billion over a decade, came as lawmakers in the Senate raced against a self-imposed deadline of this week to introduce a bill in time for action this summer.
...

Under the House measure, employers with payrolls exceeding $400,000 a year would have to provide health insurance or pay the 8% penalty. Employers with payrolls between $250,000 and $400,000 a year would pay a smaller penalty, and those less than $250,000 would be exempt. Certain small firms would get tax credits to help buy coverage.
...

The House bill would place new taxes on the wealthiest people to help expand insurance coverage to the nation's 46 million uninsured people. The legislation calls for a 5.4% surtax on those with annual gross incomes exceeding $1 million.

Households with annual income between $500,000 a year and $1 million would be hit with a 1.5% surtax, and those earning between $350,000 and $500,000 would face a 1% surtax. Those rates could eventually increase to 3% and 2%, respectively, if the government doesn't achieve certain health-cost savings.

This proposal amounts to a massive tax increase on small businesses.

Back in October -- during the campaign -- Sen. Claire McCaskill (D-MO) went on MSNBC to explain that then-presidential candidate Barack Obama's talk about "redistributing income" was really about 'tax cuts for the middle class.'

It was a load of bull then, and it's a load of bull now.

Here's the video: