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post #1 of 16 (permalink) Old 03-12-2009, 08:03 AM Thread Starter
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Workers' Health Benefits Eyed for Taxation

YAY. Another F'in Tax increase.

Quote:
Originally Posted by Barack Obama
And let me be clear, To the americans making less than $250k/yr, your taxes will not increase one cent.
guess by "let me be clear", he meant to believe the exact opposite of what he said.

And notice by their math, they are taxing what you pay, AND what the employer pays for you, as income.

FUN TIMES!!

http://www.washingtonpost.com/wp-dyn...031103827.html

Workers' Health Benefits Eyed for Taxation
Revenue Would Fund Expansion of Coverage

Sen. Max Baucus advocates taxing health benefits. (Jay Mallin - Bloomberg News)

By Lori Montgomery
Washington Post Staff Writer
Thursday, March 12, 2009; Page D01

With President Obama's plan to tax the rich to pay for health care facing deep skepticism on Capitol Hill, key lawmakers are pressing a different way to raise money: taxing the health benefits workers receive from their employers.

Since companies began offering group health insurance on a large scale during World War II, the value of that benefit has never been counted as income, reducing workers' taxable earnings by an average of $9,000 a year for family coverage.

In recent weeks, however, Sen. Max Baucus (D-Mont.), chairman of the tax-writing Finance Committee, has repeatedly advocated changing tax laws to include employer benefits, arguing that it makes sense to fund the health-care changes by sucking cash out of the existing system. Meanwhile, 13 other senators -- from both sides of the aisle -- have signed on to a plan for universal coverage that includes a tax on employer-provided benefits.

"I think it's extremely important from a credibility standpoint to show the American people that you're making savings in the enormous sums now being spent on health care before you go out and ask them for billions of dollars more," said Sen. Ron Wyden (D-Ore.), one of the sponsors of that proposal. "And I don't think I'm the only senator who feels that way."


So far, administration officials have been careful not to endorse the idea, which Obama blasted as a major tax increase last year after Sen. John McCain (R-Ariz.) made it the centerpiece of his presidential campaign's health plan. But the president hasn't slammed the door on it, either.

This week, White House budget director Peter Orszag said taxing employer benefits was among several ideas that "most firmly should remain on the table." White House economic adviser Jason Furman called for an end to the so-called "employer exclusion" before he joined the administration. Meanwhile, some congressional Democrats say the White House has signaled that Obama would accept a tax on employer benefits as long as he didn't have to propose it himself.

"Everybody's got to share together in the solution. And this might be one component to sharing," Baucus said in an interview. But "it's early," he said. All the tax proposals will be analyzed before his committee tackles the funding question in May.

The debate on how to pay for Obama's plan to expand coverage to some of the 46 million Americans who lack health insurance is nearly as hot as the debate on the details of remaking the health system itself. By raising taxes and cutting spending on federal health programs, Obama has proposed creating a $634 billion reserve fund that would serve as a "down payment" on changes expected to cost well over $1 trillion over the next decade.

Some of Obama's ideas to generate that revenue have been well received, but others have run into serious opposition. For example, Obama wants to raise $8 billion by making wealthy seniors pay more for Medicare prescription-drug coverage, an idea lawmakers roundly rejected two years ago.

And lawmakers in both parties have panned his proposal to raise nearly half the money by limiting the value of itemized deductions for families who earn more than $250,000 a year. Those deductions can include mortgage interest, gifts to charity and state and local taxes; detractors say a tax increase could hurt charities, further depress the housing market and unfairly target residents of high-tax states.
Taxing employer-provided health benefits has not proven politically popular, either. The Democratic Congress summarily dismissed the idea two years ago when President George W. Bush included it in his budget request. Many senior House Democrats continue to oppose the idea, arguing that it could be catastrophic at a time when companies are scaling back coverage for their workers and dropping it completely for retirees.

"I would caution against doing anything that would undermine existing coverage for the individuals who receive their health coverage from their employer," Rep. Pete Stark (D-Calif.), who chairs an important health subcommittee, said yesterday.

Many economists and tax analysts have long argued for changing current tax law on health coverage, which disproportionately benefits wealthier workers. The law encourages people to enroll in the most comprehensive health plans on offer, the so-called Cadillac plans that provide vast coverage, mask the true cost of health care and contribute to skyrocketing costs.

Many lobbyists and others involved in the health-care debate say they see few other places to go for the kind of money that will be needed to meet Obama's demand for ambitious change. In their view, the question is not whether employer benefits will be taxed but how much of the benefit will be spared.
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post #2 of 16 (permalink) Old 03-12-2009, 08:27 AM
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Quote:
Originally Posted by sc281_99-0135 View Post
Meanwhile, some congressional Democrats say the White House has signaled that Obama would accept a tax on employer benefits as long as he didn't have to propose it himself.


And lawmakers in both parties have panned his proposal to raise nearly half the money by limiting the value of itemized deductions for families who earn more than $250,000 a year. Those deductions can include mortgage interest, gifts to charity and state and local taxes; detractors say a tax increase could hurt charities, further depress the housing market and unfairly target residents of high-tax states.
OMG, What a f'n wuss!

And to take out our deductions...back handed way of getting more taxes with out raising them.

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post #3 of 16 (permalink) Old 03-12-2009, 08:30 AM
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Meanwhile, some congressional Democrats say the White House has signaled that Obama would accept a tax on employer benefits as long as he didn't have to propose it himself.

This is the part that stands out for me. So does this mean he is the congresses hand pup-it? Or is this his way of FUCKING us more without him havine to take responsibility for it? Kinda like the Omni-Bus spending bill that he signed into law with all of its pork is not his because it was fashioned back in the fall, while he was a senator. Damn this man really need to grow some balls.

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post #4 of 16 (permalink) Old 03-12-2009, 08:35 AM
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Some of Obama's ideas to generate that revenue have been well received, but others have run into serious opposition. For example, Obama wants to raise $8 billion by making wealthy seniors pay more for Medicare prescription-drug coverage, an idea lawmakers roundly rejected two years ago.

Doesn't he know that these people have already paid for Medicare every time they were taxed for "Medicare Tax" Wow! Whats going to happen when there are not enough "rich" people to pay for this shit.

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post #5 of 16 (permalink) Old 03-12-2009, 08:41 AM
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Originally Posted by 67camino View Post
Some of Obama's ideas to generate that revenue have been well received, but others have run into serious opposition. For example, Obama wants to raise $8 billion by making wealthy seniors pay more for Medicare prescription-drug coverage, an idea lawmakers roundly rejected two years ago.

Doesn't he know that these people have already paid for Medicare every time they were taxed for "Medicare Tax" Wow! Whats going to happen when there are not enough "rich" people to pay for this shit.
Are you kidding?!? These guys are the masters of double and triple taxation!

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post #6 of 16 (permalink) Old 03-12-2009, 08:42 AM
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Quote:
Originally Posted by 67camino View Post
Some of Obama's ideas to generate that revenue have been well received, but others have run into serious opposition. For example, Obama wants to raise $8 billion by making wealthy seniors pay more for Medicare prescription-drug coverage, an idea lawmakers roundly rejected two years ago.

Doesn't he know that these people have already paid for Medicare every time they were taxed for "Medicare Tax" Wow! Whats going to happen when there are not enough "rich" people to pay for this shit.

As a general rule - you don't fuck with the AARP.
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post #7 of 16 (permalink) Old 03-12-2009, 08:56 AM
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It's part of the plan. If they tax it, people will cancel it and be without, but Uncle Barry will come to the rescue with Federal Care and people will jam the hook through their own jaws.

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post #8 of 16 (permalink) Old 03-12-2009, 09:12 AM
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This will only result in more people without health insurance. Dumbasses can't understand that there is a limit on what people can pay for things, and if it becomes too costly people will just go without. Others will change their plan to go with sky high deductibles to cut cost. I predict that they won't raise nearly the money that they expect from this plan, and the cost from the newly uninsured will skyrocket.
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post #9 of 16 (permalink) Old 03-12-2009, 09:25 AM
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Sweet mother of rice I am going to have a brain aneurysm! The tax code is effed up enough already. Is it not scary enough what has been done in the last month alone? We have to endure these destructive fools for at least another two years and maybe four if people don't get off their brains and vote in the 2010 Congressional election.

I must say that I have reguarded all the 2012 poopers as quacks. Compared to all this they are starting to sound more intelligent!

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post #10 of 16 (permalink) Old 03-12-2009, 09:29 AM
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Hilarious. My healthcare is probably $8,000 a year where I work. Why wouldn't I just ask my employer to pay me the $8,000 in cash, get my own coverage for catastrophic occurences and bank the difference, keeping a fund if I need it?

These idiots don't have a god damn clue what they are doing and are going to ruin this country. The fallout from this shit is going to be fun to watch.
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post #11 of 16 (permalink) Old 03-12-2009, 09:39 AM
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Quote:
Originally Posted by AL P View Post
Hilarious. My healthcare is probably $8,000 a year where I work. Why wouldn't I just ask my employer to pay me the $8,000 in cash, get my own coverage for catastrophic occurences and bank the difference, keeping a fund if I need it?

These idiots don't have a god damn clue what they are doing and are going to ruin this country. The fallout from this shit is going to be fun to watch.
Ditto! This country is going to be primed for a good ol' fashioned tea party.

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post #12 of 16 (permalink) Old 03-12-2009, 10:24 AM
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Quote:
Originally Posted by AL P View Post
Hilarious. My healthcare is probably $8,000 a year where I work. Why wouldn't I just ask my employer to pay me the $8,000 in cash, get my own coverage for catastrophic occurences and bank the difference, keeping a fund if I need it?

These idiots don't have a god damn clue what they are doing and are going to ruin this country. The fallout from this shit is going to be fun to watch.
Remember the yacht tax? That was a targeted tax aimed at the "rich".

What happened is that the rich bought used yachts or bought them from offshore suppliers. The US yacht building industry got decimated, lots of people put out of work from that tax.

I see this taxing of healthcare in the same light. The law of unintended consequences will surely kick in.
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post #13 of 16 (permalink) Old 03-12-2009, 10:26 AM
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Quote:
Originally Posted by AL P View Post
Hilarious. My healthcare is probably $8,000 a year where I work. Why wouldn't I just ask my employer to pay me the $8,000 in cash, get my own coverage for catastrophic occurences and bank the difference, keeping a fund if I need it?

These idiots don't have a god damn clue what they are doing and are going to ruin this country. The fallout from this shit is going to be fun to watch.
My employer already offers us a monthly check if we opt out of their health care plan. Alot of guys that have wives that have good insurance do this. If the government wants to start taxing us on our health care I think alot more people along with myself are going to opt out and just take the money as income and do like you say. I mean if your going to be taxed on value of insurance I'd rather just have the money in my hand.

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post #14 of 16 (permalink) Old 03-12-2009, 10:41 AM
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Ditto! This country is going to be primed for a good ol' fashioned tea party.
I see the Capitol being swarmed with angry people and politicians being burned at the stake. People are fed up - 2 months into his Presidency. And seeing as the democrats have a history of overplaying their hand when in power I don't see this ending well for any of them.

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post #15 of 16 (permalink) Old 03-12-2009, 08:38 PM
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I'm about ready to light a fire under the big bucket of tar out back. Anyone have feathers?
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post #16 of 16 (permalink) Old 03-12-2009, 09:57 PM
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Originally Posted by AL P View Post
Hilarious. My healthcare is probably $8,000 a year where I work. Why wouldn't I just ask my employer to pay me the $8,000 in cash, get my own coverage for catastrophic occurences and bank the difference, keeping a fund if I need it?

These idiots don't have a god damn clue what they are doing and are going to ruin this country. The fallout from this shit is going to be fun to watch.
They are going to hand the government back to the Republicans in just 2 years. We won't have to wait for Obama's defeat in 2012. He'll be a lame duck by the end of 2010.

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