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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:18 PM
Original message
duplicate post, please ignore
Edited on Thu Sep-17-09 06:21 PM by amborin
"To pay for the 10-year, $856 billion bill Baucus wants to tax high-value insurance plans, those worth $21,000 for a family and $8,000 for an individual. Baucus says those are "Cadillac plans" enjoyed by a small minority of Americans. Aides said about 10 percent of plans and 8 percent of taxpayers could be affected.

But other Democratic senators fear that the tax would reach deep into middle-class pocketbooks, and labor unions are upset. Two Democrats on the Finance Committee, Sens. John Kerry of Massachusetts and Jay Rockefeller of West Virginia, along with other senators, say they want to limit the tax before signing off on the bill.

"We need to make it fairer to working people so that working folks don't get dragged into this at a level where they just don't have the incomes to support it," Kerry told reporters after a closed-door committee meeting to discuss the bill. The panel will begin voting on the bill Tuesday."


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i confess i haven't read the latest version of the bill

but if it's going to go after even a fraction of the middle class, in this case, those who are super fortunate enough to have extremely good insurance, it's going to be a problem

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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 06:25 PM
Response to Original message
1. Baucus lies: If you get insurance from your employer it will be over these limits
even for mediocre policies. If you are a member of a union it will be well over these limits even if you don't think you have great coverage. Remember a catastrophic policy with a 5000 deductible that pays nothing below 5000 will cost a single person about 5000 per year. Lets assume my policy for a single person is an additional 10,000 per year in term of fringe from my employer. It will get taxed at 35% so I will have to pay an additional 3500 a year in taxes without any increase in pay. For a family it almost 8000 more in taxes per year. Cough it up if you have employer subsidized health care.
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 07:16 PM
Response to Reply #1
2. yep, it's a lousy bill
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