June 15, 2009
Taxing Health Benefits ...
Over the weekend, there was some discussion of whether taxing employer-provided health benefits should be considered but that idea does not seem to be terribly popular. The Associated Press reports,
The debate over a government insurance plan has broken mainly along party lines. But Democrats and Republicans appearing on Sunday's TV news programs either rejected or offered no support for raising revenues on some people through a tax on health benefits. Obama has not supported the idea, but has said it should be considered along with other proposals.
Vice President Joe Biden said that administration doesn't want to tax health care benefits even though the proposal should be on the table. Sen. Chris Dodd, D-Conn., called taxing health benefits a "bad idea" as well as unnecessary.The Senate Finance Committee is expected to consider a tax on workers whose family health coverage costs $15,000 a year or more in premiums paid by employer and employee combined. . . .
Bills in the House and Senate would require people to purchase health insurance if they could afford it, a proposal that Sen. Chuck Grassley, R-Iowa, said is more likely to draw bipartisan congressional support than mandating coverage through employers.
June 15, 2009 | Permalink
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