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ObamaCare's whopping Cadillac tax under fire


Posted: Nov 19, 2014

More fallout from the deceit of the Obama Administration. Nancy was right. We'll have to pass it to find out what's in it. She forgot to add that we'll have to pass it to find out more ABOUT it.

Per link:

Of all the taxes in ObamaCare, none is more onerous than the whopping 40 percent Cadillac tax on the more generous employer-provided health care plans, which often are union plans.

The now-famous former outside adviser on ObamaCare, Jonathan Gruber of MIT, spoke about the Cadillac tax before an audience at the Pioneer Institute in 2011, saying, "It turns out politically, it's really hard to get rid of. And the only way we could get rid of it was first by mislabeling it, calling it a tax on insurance plans rather than a tax on people, when we all know it's a tax on people who hold those insurance plans."

He called that a "clever" exploitation of Americans'  "lack of economic understanding."

Later, Gruber said because the tax was a potential political nightmare, the president wanted to phase it in to draw less fire.

;

Precedent - Debi

[ In Reply To ..]
What does it say to world leaders if the American president deceives his own people? How can anyone trust him?

I always thought they should be taxed - Not a CPA but

[ In Reply To ..]
First of all, the "Cadillac plan tax" has been out there from the beginning so there is no deceit. Maybe a memory problem on the part of some, but no deceit.

The Cadillac plans:
Starting in 2018, the new health care law imposes a 40% excise tax on the portion of most employer-sponsored health coverage (this excludes dental and vision) that exceeds $10,200 a year and $27,500 for families.

Wow. The part of the plan that EXCEEDS $27,500 for families or $10,200 for singles. What is this. Lets say you were making $15,000 a year as an MT. If your employer was paying $10,200 a year for insurance, you would be essentially be making $25,200 gross. A lot of people who did not have an employer paying that on their insurance plan sure would like to have that I bet, so why shouldn't they pay taxes on the part that exceeds the $10,200 premium?

And no, my hubby who is union has a great policy that costs no where near that. On the other hand, my lucky but stupid BIL (his buddy owns the company and he is basically a groupee) has a Cadillac policy where they send him to the Mayo in Minnesota for an annual physical that takes a couple of days. Probably the same physical the Saudi king gets. Yes, he should be taxed on it.

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