Posted on 11/20/2009 1:21:49 PM PST by Military family member
WASHINGTON, Nov. 20 /PRNewswire-USNewswire/ -- There are 18 separate tax hikes in the Reid-Obama healthcare bill. One of them caps the amount that can be deferred in Flexible Spending Accounts (FSAs) at $2500 per year (a similar provision was included in the Pelosi-Obama health bill and written about by Congressman Cathy McMorris-Rogers, R-Was., for National Review Online).
There is currently no limit to how much can be saved, though all monies must be used by the end of the year. Employers may put a cap in place for their employees, but this would put a cap in federal tax law for the first time. According to the Employee Benefit Research Institute (EBRI), 30 million American families use an FSA.
(Excerpt) Read more at wabashvalleyjournalonline.com ...
Current law max is $5,000/year per family, so I’m told by our HR department. I asked if I could raise my contribution since our deductible, co-pays, and out-of-pocket maximums are increase in 2010. They said no, the government limits it.
Obama’s out to get those Special Olympic bowlers.
He’s out to get Trig Palin.
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