Tuesday, April 13, 2010

Middle Class Tax Hikes for Healthcare


The Joint Commission on Taxation (the congressional folks who keep up with this stuff) have officially said that by 2019, middle-class Americans will face a $3.9 billion dollar tax increase due to cuts in tax deductions on health care costs.
This is part of our new health care reform law.
Senator Baucus' office replied that other health care costs--premiums, for example--will be lower to offset the losses in health care cost deductions.
Unfortunately, that's not true.
The CBO estimates that health care insurance premiums will rise.

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