Democrats: taxing health insurance back on agenda?
Why not? It’s not like this would affect them any.
WASHINGTON – The Senate’s top tax writer said Tuesday he is considering limits on the tax-free status of job-based health insurance to help pay for President Barack Obama’s plan to cover all Americans.
Finance Committee Chairman Max Baucus, D-Mont., described his idea as senators began to grapple with how to pay for the costs of the plan, which independent experts put at about $1.5 trillion over 10 years. There are no easy options.
Baucus is carefully not saying at what income level this would start at, which is of course Senatorese for “a lot lower than you’d expect from earlier rhetoric.” Which should come as an unpleasant surprise or two to folks entering the workplace after it comes into effect; well, the ones who aren’t union employees or government workers, at least. Your standard ‘kids out of school, with first real white-collar job’ types, in other words; if this passes, it’s going to be reduced health benefits for new hires, less take-home pay to cover the taxes, or the joys of negotiating with the central government for elective health procedures. None of which is going to be very fun for them.
No, avoid schadenfreude. We want them voting their class interests, remember?
Crossposted to Moe Lane.