Ilovebenefits’s Blog

Just another WordPress.com weblog

A Tax by Any Other Name is Still a Tax

Editor’s note: It is abundantly clear to all that whether you call it a penalty, a tax or something else, it eventually creates an increased cost to the consumer. Eliminating budget deficits happen in two ways — reduce spending or increase revenues. In the case of government increased revenues are a tax by another name.

—–

Majority Of House Democrats Oppose Tax On “Cadillac” Coverage. Politico (10/7, Smith, O’Connor) reports more than “half of the Democrats in the House have signed on to a letter denouncing a key element of the Senate Finance Committee’s health care legislation as labor unions draw a line in the sand on paying for reform.” The Democrats are “attacking a plan to finance expanded health care by taxing expensive health insurance plans.” The plan, “sometimes cast as a tax on ‘Cadillac’ plans, would in fact include the health care plans of many public employees and union members and has triggered a revolt from Obama’s labor supporters and their many allies on the Hill.”

Advertisements

October 7, 2009 - Posted by | Federal Government, healthcare | , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: