Remember Obama Was Going To ONLY Tax the Rich?
May 27, 2009
Think again. Obama and his Democrat congress are going to start taxing everyone’s health care benefits, something that has been FREE to employees! Not any more. Congress is considering taxing the health benefits as if they were ordinary income. Companies will no longer be able to deduct the expense and workers will have to pay tax on the value of the health plan. So much for taxing the RICH!!!! You poor people were LIED TO! Any time a politician’s lips are moving he’s lying! And Obama LIED! Here’s the story from the Washington Post: – FedUpEditor
A new tax on employer-provided health insurance is emerging as a likely option to finance an overhaul of the nation’s health-care system, key Democrats say, despite opposition from organized labor and possibly the Obama administration.
Critical details have yet to be resolved, including whether to tax the benefits of all workers regardless of income and what portion of their employer-paid insurance premiums to tax. But the idea won a surprising degree of acceptance during a closed-door meeting of the Senate Finance Committee this week, according to several people present. And once-fierce opposition among House Democrats is softening as lawmakers confront their limited options for raising the estimated $1.2 trillion that will be needed to pay for reform over the next decade.
“There’s a strong sentiment that still exists in the House” against taxing employer-provided benefits, said Rep. John B. Larson (D-Conn.), a member of House leadership who sits on the tax-writing Ways and Means Committee. “But we understand how important it is to get a package through.”
Implementing such a tax would create a tricky political situation for President Obama, who last year spent millions on campaign ads that harshly criticized a similar idea advanced by his Republican opponent, Sen. John McCain of Arizona. But while continuing to express opposition to the proposal, White House officials have repeatedly stated that all financing options are on the table. And some Democrats are already calculating how to explain a reversal.
Read the entire story here.
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