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Comprehensive List of All Tax Hikes
In Senate Finance "Obaucus" Health Plan

From Ryan Ellis on Monday, October 12, 2009 3:42 PM
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Excise Tax on High-Cost Health Plans.  New 40% excise tax on health insurance plans to the extent they exceed $26,000 in cost ($9850 single).  Exemptions made for over-55 retirees and “high-risk” professions; high-cost states phased in

Individual Mandate Tax.  If you don’t sign up for health insurance, you will have to pay a tax in the following range:
 

  Single Family
100-300% FPL $750 $1500
300% + FPL $900 $1900


Employer Mandate Tax.  $400 per employee if health coverage is not offered.  Note: this is a huge incentive to drop coverage, as $400 is much less than the average plan cost of $11,000 for families or $5000 for singles (Source: AHIP)

Backdoor Death of HSAs.  By requiring that all plans (besides the few that are grandfathered) provided actuarially-generous coverage for most services, there would be no HSA-qualifying plans available from the Massachusetts-like exchanges

Report Employer Health Spending on W-2.  This is clearly a setup for the easy individual taxation of employer-provided health insurance down the road.

Cap Flex-Spending Account (FSA) Contributions at $2500. Currently unlimited.

Eliminate tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D

Medicine Cabinet Tax.  Americans would no longer be able to purchase over-the-counter medicines with their FSA, HSA, or HRA

Increase Non-Qualified HSA Distribution Penalty from 10% to 20%.  This makes HSAs less attractive, and paves the way for HSA pre-verification

Corporate 1099-MISC Information Reporting.  Currently, only non-corporations providing property or services for a business must be issued at 1099-MISC.  This would expand the requirement to corporations doing business with other businesses. 

Various industry tax grabs based on market share. $2.3 billion PhRMA; $6 billion health insurance providers; $4 billion medical device manufacturers

Increase “haircut” of medical itemized deductions from 7.5% to 10% of adjusted gross income (AGI)

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Comments

The stinking govt is taking over everything.After the internet,what is left?Just about nothing.Well,atmy age,93,Iwill be one of the first to get the lethal needle.It will almost be a relief,except Ihave kids,grandkids and greatgrandkids.They will have a much worst time of it than I will.I just hope the needle kills quickly.
>> grover bailey Tuesday, October 20, 2009 7:32 PM Report Comment

Our country desperately needs prayer.We need to humble ourselves and seek the face of God.We have allowed evil to completely take over this great country and there are christian people falling for the lies of this president. Whom i truely believe is a fraud, why would he want to hide everything, his birth certificate and his back ground? It's almost like the country is in a daze to let things just go like they are, out to litterly destroy this great nation, what will be left of it.We need to ask the Lord to remove demons in high places of our government.That's my comment for what's it worth.
>> Henrietta Hayes Wednesday, October 21, 2009 12:04 PM Report Comment

We can complain or we can act! We the People, are the ones, according to our federal Constitution (if anyone knows what that is anymore) from whom government derives its consent. If our gov't is taking all these unconstitutional actions, it's because we consent! Don't complain or just get angry, get ready for 2010! Check this out: www.flipthishouse2010.com We the People will prevail if we don't shrink from our duty and responsibility as citizens of a (still) free country!
>> Danny Friday, October 23, 2009 3:24 PM Report Comment

We need to get rid of the Mole and a lot of Deemoncrats that are bankrupting and destroying this country
>> Harry Feltenbarger Saturday, October 24, 2009 11:04 AM Report Comment

If the gov't continues to take control of our daily lives, I believe the course that we the people must take is to dissolve our relationship with the gov't. By the preamble to the American Constitution, it is the inalienable right of the people when government tyranny is encountered. Congress is obviously disregarding the constitution and imposing tyranical rule in its place. We must fight this governement or be enslaved by it. Jess Atwell
>> Jess Atwell Saturday, October 24, 2009 12:53 PM Report Comment

What's intriguing is that the Democrats don't ever pretend anymore that they're not going to raise taxes. And Obamao, not having the experience or staff or ability to submit his own plan and then let Congress diddle with that, will say that he didn't raise taxes. It was Congress. The Weasel-in-Chief and his Marxist/Maoist minions, in and out of Congress, must be stopped.
>> CKA in Red State USA Saturday, October 24, 2009 6:21 PM Report Comment

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