Lawmakers Oppose Obama’s Proposal To Tax Plans For High Earners.

Bloomberg
News
(9/14, Sloan, Hunter) reports that President Barack Obama wants
“lawmakers to tax the health insurance benefits of top earners, stirring
opposition from congressional Democrats who fought a similar proposal in the
2010 health-care law.” The idea, “tucked deep inside the 155-page jobs
legislation Obama submitted to Congress on Sept. 12, would make plans provided
by employers partially taxable for couples earning more than $250,000 a year and
individuals earning more than $200,000.” So far, both Democrats and Republicans
have voiced opposition to the President’s proposal. White House spokesman Jay
Carney said this week that “the special 12-member congressional panel charged
with trimming $1.5 trillion from the nation’s long-term deficit can modify the
administration proposals, as long as the measures aimed at stimulating hiring
are paid for.” Carney emphasized that Obama “wouldn’t veto legislation that only
enacted part of his plan.”

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s