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POPS Getting Punked On Health Care Reform Legislation to be outlined next week in the Senate Finance Committee will likely include a new tax on workers with the costliest employer-provided health coverage, officials said Friday, but with implementation delayed until 2013 to minimize any political fallout. Officials familiar with internal deliberations said the leading option under consideration by Sen. Max Baucus, D-Mont., the committee chairman, would mean higher taxes for workers whose family coverage costs $15,000 a year or more in premiums paid by employer and employee combined. The provision could generate hundreds of billions of dollars over the next decade to help pay the $1 trillion or more the Obama administration has estimated is necessary under its plan to extend health care to millions of Americans who lack it. Cuts in projected Medicare and Medicaid spending are expected to make up much of the rest.
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POPS(Yet) Another New Tax From Which The Bottom 95% Should Probably Divert Their Eyes While it'd be a whopper, a national sales tax seems unlikely (despite the pesky mathematical consequences of the government spending gazillions of dollars it doesn't have). Republicans hate it because it's an enormous new tax. And Democrats don't love it as lasciviously as they do other taxes because it's less "progressive" (i.e. it doesn't disproportionately soak the higher income brackets as elegantly as, say, a steeply graduated income tax or a supplemental hundred-thousandaires' tax). Happily, there's a much simpler way to pay for Obama's newest trillion-dollar adventure: scrub it. Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look -- Levy Viewed as Way to Reduce Deficits, Fund Health Reform http://www.washingtonpost.com/wp-dyn/content/article/2009/05/26/AR2009052602909.html?wprss=rss_politics
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