I think the Baucus tax is potentially much higher.
The draft that is circulating around says that if employers fail to provide insurance, they must pay a tax equal to the subsidy people will be eligible for in the Exchange. For family coverage we are talking about $12,000 at least and for a low income family, the govenment subsidy is going to be $9,000 or more. And that $9,000 fine, of course, will come out of the wages of the worker.
[…] previously reported, once Obama Care is fully phased in, it will cost $2 trillion, not $1 trillion. The bill writers have been playing tricks with the ten-year window to make things […]
The Marty Feldstein estimate is an eye opener.
I think the Baucus tax is potentially much higher.
The draft that is circulating around says that if employers fail to provide insurance, they must pay a tax equal to the subsidy people will be eligible for in the Exchange. For family coverage we are talking about $12,000 at least and for a low income family, the govenment subsidy is going to be $9,000 or more. And that $9,000 fine, of course, will come out of the wages of the worker.
Why hasn’t the national news media covered these goon squad tactics on the left?
[…] previously reported, once Obama Care is fully phased in, it will cost $2 trillion, not $1 trillion. The bill writers have been playing tricks with the ten-year window to make things […]