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Jim Pendergraph Supports $2 Trillion Tax Hike http://t.co/LF6ieJuZ
May 22, 2012 06:18 PM
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May 22, 2012 12:41 PM
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Tom Cross's Hope for Change to Obamacare http://t.co/Isu5I7kK
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RT @ChrisPrandoni: My new column exposing Obama's plan to kill coal via @townhallcom http://t.co/2fEqWUdU via
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ATR Urges North Carolina Legislators to Reject Anti-Free Enterprise Protectionism http://t.co/RIg4ejSB
May 22, 2012 10:17 AM
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ATR Releases 2012 List of State Taxpayer Protection Pledge Signers for May 22 Primaries http://t.co/maSodrTt
May 21, 2012 01:18 PM
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PrintFederal Employees’ Health Care To Be Taxed Under Obaucus
The Obama administration’s allies in Congress have a plan to tax “Cadillac plans”—one that is becoming more and more problematic.
The reason is simple: while the “Cadillac tax” that is in the bill is indexed to inflation, regular health insurance premiums are rising much faster than that; as such, in a few years, most plans will be considered “Cadillac plans.” That is, not only is this a tax on those who want to have more health coverage, it is a future tax on those who have basic health care.
For example, the most popular option on the market, the Blue Cross Blue Shield Standard Option, will be considered a “Cadillac plan” in 10 years for a family. For an individual, it will be there in two. Not only is it the most popular option, it is the option that most federal employees use.
In other words, the government is going to be taxing the preferred option for thousands of federal employees within the next several years; if government employees will see their insurance taxed within 10 years, how long will it take for your insurance to be taxed?
