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The new plan really did fix the problems people here had on the excise tax

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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-19-10 08:51 AM
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The new plan really did fix the problems people here had on the excise tax


The House bill would include a tax on high-end, so-called Cadillac health insurance plans, but it raises the threshold to plans costing more than $10,200 a year for individuals and $27,500 for families. Pelosi said the new formula made it a “Platinum Rolls Royce tax.’’ It also would not begin until 2018. The AFL-CIO, which had fought the concept of taxing Cadillac plans for months, said yesterday that it supported the new plan.


http://www.boston.com/news/nation/washington/articles/2010/03/19/democrats_offer_940b_health_bill_for_final_test/?page=2

Most articles here have spoken of the change in CPI plus 1% to CPI, but this change is likely why the unions are now supporting the new plan as strongly as they are.
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Clio the Leo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-19-10 08:55 AM
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1. lol @ "Platinum Rolls Royce tax." that's cute.
They could also call it a "whip tax" but that might scare Clyburn and Durbin. :)
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Jennicut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-19-10 09:02 AM
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2. So the threshold was raised? Good to know.
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-19-10 09:09 AM
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3. Yep - even above the $25,000 that Kerry and Stabenow fought for
several times on the Finance Committee.
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