Is it still 95% of Americans getting a tax cut? Next on the Obama tax machine – employee health benefits

I don’t do democrat math, where they claim 95% of Americans will get a tax cat. Especially when 40-50% of those in the “95%” range don’t pay any taxes anyway. Then we hear about increased taxes to those making over $250,000 (which small business and corporations will pay), and pass on to you with higher prices. Then of course theres always the cap and trade which will send everyone’s electricity bill through the roof. Is the $13 per week supposed to be a net profit over all these cost increases? Now comes word from the New York Times (cringe):

The Obama administration is signaling to Congress that the president could support taxing some employee health benefits, as several influential lawmakers and many economists favor, to help pay for overhauling the health care system.

The proposal is politically problematic for President Obama, however, since it is similar to one he denounced in the presidential campaign as “the largest middle-class tax increase in history.” Most Americans with insurance get it from their employers, and taxing workers for the benefit is opposed by union leaders and some businesses.

In television advertisements last fall, Mr. Obama criticized his Republican rival for the presidency, Senator John McCain of Arizona, for proposing to tax all employer-provided health benefits. The benefits have long been tax-free, regardless of how generous they are or how much an employee earns. The advertisements did not point out that Mr. McCain, in exchange, wanted to give all families a tax credit to subsidize the purchase of coverage.

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March 15, 2009 · Filed Under Barack HUSSEIN Obama


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