Sounds like Obama is playing politics to get his healthcare passed with little friction from the public. People need to wake up and get informed on how it's going to work.
Senate Finance Committee Chairman Max Baucus (D-MT)
Remember the rules of the game. President Obama says health reform must pay for itself, but over 10 years. That opens the door to a back-loaded tax system that generates relatively little today, but big bucks by the end of the decade.
It is simple to design such a plan. Just allow generous tax-free policies today, but freeze tax-exempt premiums at current levels. Over time, medical inflation will do the rest. As the costs of health care (and premiums) rise, that fixed cap will hit more policies.
TaxVox: the Tax Policy Center blog :: Health Care
I read this in the Spokesman Review this morning.
WASHINGTON Legislation to be outlined next week in the Senate Finance Committee will likely include a new tax on workers with the costliest employer-provided health coverage, officials said Friday, but with implementation delayed until 2013 to minimize any political fallout.
Officials familiar with internal deliberations said the leading option under consideration by Sen. Max Baucus, D-Mont., the committee chairman, would mean higher taxes for workers whose family coverage costs $15,000 a year or more in premiums paid by employer and employee combined.
President Barack Obama campaigned against taxing health benefits in last years campaign, attacking Republican Sen. John McCain in television advertising when McCain proposed it.
But now, Baucus has told reporters, the president appears open to the idea. Another Democratic senator who attended a recent meeting with Obama said the president did not object when the issue was raised, saying he preferred an alternative he outlined last winter. A 2013 effective date would allow Obama to run for re-election before its impact is felt.
Spokesman.com | Tax likely in health care bill | Jun 13, 2009
Sly, very sly, and deceivingly calculating
Senate Finance Committee Chairman Max Baucus (D-MT)
Remember the rules of the game. President Obama says health reform must pay for itself, but over 10 years. That opens the door to a back-loaded tax system that generates relatively little today, but big bucks by the end of the decade.
It is simple to design such a plan. Just allow generous tax-free policies today, but freeze tax-exempt premiums at current levels. Over time, medical inflation will do the rest. As the costs of health care (and premiums) rise, that fixed cap will hit more policies.
TaxVox: the Tax Policy Center blog :: Health Care
I read this in the Spokesman Review this morning.
WASHINGTON Legislation to be outlined next week in the Senate Finance Committee will likely include a new tax on workers with the costliest employer-provided health coverage, officials said Friday, but with implementation delayed until 2013 to minimize any political fallout.
Officials familiar with internal deliberations said the leading option under consideration by Sen. Max Baucus, D-Mont., the committee chairman, would mean higher taxes for workers whose family coverage costs $15,000 a year or more in premiums paid by employer and employee combined.
President Barack Obama campaigned against taxing health benefits in last years campaign, attacking Republican Sen. John McCain in television advertising when McCain proposed it.
But now, Baucus has told reporters, the president appears open to the idea. Another Democratic senator who attended a recent meeting with Obama said the president did not object when the issue was raised, saying he preferred an alternative he outlined last winter. A 2013 effective date would allow Obama to run for re-election before its impact is felt.
Spokesman.com | Tax likely in health care bill | Jun 13, 2009
Sly, very sly, and deceivingly calculating
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