Middle-Class Taxes

Republicans are gleefully pointing out the middle-class tax increases in the Baucus bill. For example, there is the proposed tax on health insurance and the implicit tax that emerges from capping Flexible Spending Account (FSA) deposits at $2,500. The table below, compiled by the Republican Policy Committee, shows the expected federal revenue in 2016 from the penalty (tax) on uninsured people.

Source: Congressional Budget Office and the staff of the Joint Committee on Taxation.

Print