Keyword: cadillactax

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  • Obamacare Tax Stalls ‘Cadillac’ Health Plans (Pelosi knew)

    01/11/2015 4:06:40 PM PST · by Libloather · 10 replies
    Bloomberg via Insurance Journal ^ | 1/08/15 | Bloomberg Alex Wayne, John Lauerman
    **SNIP** Requiring employees to shoulder more of the cost burden may undermine public support for Obamacare just as Congress, now firmly under Republican control, considers new ways to gut the law. The tax takes effect in 2018, and employers are already laying the groundwork to make sure they don’t have to pay the 40 percent surcharge on health-insurance spending that exceeds $27,500 for a family or $10,200 for an individual. Once envisioned as a tool to slow the nation’s growing health-care tab, the tax has in practice meant higher out-of-pocket health- care costs for workers. “I don’t think there’s any...
  • Kill the Obamacare Cadillac Tax Now

    12/27/2014 4:07:51 AM PST · by Kaslin · 33 replies
    Townhall.com ^ | December 27, 2014 | Hank Adler
    The so-called Obamacare Cadillac Tax is scheduled to begin on January 1, 2018. It is a 40% non-deductible tax on the cost of medical insurance plans that exceed "predetermined thresholds". The "predetermined thresholds" will be determined by government appointees. The Cadillac Tax is supposed to raise $80 billion over ten years to finance the expansion of health coverage. The reality is that the Obamacare Cadillac Tax will ultimately diminish the quality of medical insurance coverage for tens of millions of Americans because no entities will be able to afford to pay it. The cost of the tax is beyond what...
  • Obama promised Obamacare wouldn't do exactly what Gruber says it will do

    11/19/2014 2:37:03 AM PST · by Cincinatus' Wife · 17 replies
    CNN ^ | November 19, 2014 | Jake Tapper
    <p>"....At a town hall meeting on health care on July 23, 2009 in Shaker Heights, Ohio, Obama explained that the thinking of the Cadillac tax was to target plans that spend unnecessarily and excessively, thus driving up health care costs, such as a $25,000 plan, "so one that's a lot more expensive and a lot fancier than the one that even members of Congress get."</p>
  • Obamacare's "Cadillac Tax" Scam: Rush Limbaugh explains how it works

    11/17/2014 6:30:40 AM PST · by Adam Taxin · 7 replies
    YouTube ^ | 11/14/14 | Rush Limbaugh Show, clip processed by Adam Taxin
    Limbaugh "... Ted Kennedy was in on the scam and Gruber was proud of it and was out telling everybody what a great guy Ted Kennedy was for helping come up with a way to scam the federal government with Obamacare. ..."
  • Jonathan Gruber Admitted Obama Was In the Room When Cadillac Tax Lie Was Created.

    11/13/2014 2:42:06 PM PST · by Sons of Union Vets · 155 replies
    Gateway Pundit ^ | November 13, 2014 | Jim Hoft
    On June 13, 2012, Obamacare Jonathan Gruber was interviewed by Frontline. He told them that the Cadillac tax issue was addressed in 2009. Obama knew it was going to be a problem, and they all agreed to lie about it. What Jonathan Gruber is taking heat for right now, was planned out specifically with Barack Obama. It wasn’t just him. It was all of them, with Obama in the room taking part.
  • In Third Video, Obamacare Architect Talks About ‘Basic Exploitation’ Of American Voters [VIDEO]

    11/12/2014 7:48:09 AM PST · by C19fan · 69 replies
    Daily Caller ^ | November 12, 2014 | Chuck Ross
    A third video has surfaced of Obamacare architect Jonathan Gruber bragging about pulling the wool over the eyes of the American public in order to help implement Obamacare. “It’s a very clever, you know, basic exploitation of the lack of economic understanding of the American voter,” Gruber, an economist at the Massachusetts Institute of Technology, said during a speech at the University of Rhode Island in November 2012. He was discussing what is known as the Cadillac tax and how it came into being.
  • Report: Companies desperate to avoid ObamaCare 'Cadillac tax' shifting costs to workers

    08/14/2014 3:38:38 AM PDT · by Innovative · 27 replies
    Fox News ^ | Aug 14, 2014 | Jim Angle
    A national business group representing the nation’s large employers reported Wednesday that companies desperate to avoid a 40 percent ObamaCare “Cadillac tax” are finding ways to shift the costs to workers. The so-called “Cadillac tax,” now four years away, will affect health plans that spend more than $10,200 per worker. Meanwhile, employers are shifting workers into plans with higher deductibles, just as ObamaCare does in the health care exchanges, and using health savings accounts to help defray the costs.
  • Large employers cite upcoming Obamacare Cadillac tax for reduced benefits

    11/26/2013 6:05:15 AM PST · by SeekAndFind · 12 replies
    Hotair ^ | 11/26/2013 | Mary Katherine Ham
    See? There’s something in this law for everyone, just not exactly the way they said.But take heart, America. Brian Williams of the NBC Nightly News is on it, sending investigative reporters to look into the “fine print” of Obamacare. Isn’t that something that would have been more useful four years ago? Now NBC’s found out that large companies— add ‘em to the small companies and individual market plans—are also reducing benefits, raising co-pays and deductibles to cope with Obamacare’s new costs. So, if you have a catastrophic plan in the individual market, you’re losing the plan you may have liked...
  • Large employers cite Obamacare ‘Cadillac’ tax in reducing benefits

    11/25/2013 5:27:12 PM PST · by markomalley · 76 replies
    NBC ^ | 11/25/2013 | Talesha Reynolds and Lisa Myers
    For 75 million Americans who get their insurance through large companies, the Affordable Care Act is a mixed bag.  Experts tell NBC News the new healthcare law is only slightly increasing premiums next year, but causing some companies with the most generous plans to reduce their employees’ benefits. Aaron Baker, 36, his wife Billie and their two young children are covered under a generous health insurance plan offered by the private Midwestern university where he’s worked for 10 years. When they opened their benefits notice this year, they were pleased to see their $385 premium is only up by four...
  • Health tax may wallop towns (Boston Globe finally gets a clue)

    04/05/2010 5:15:55 AM PDT · by nhwingut · 13 replies · 806+ views
    Boston Globe ^ | 04/05/10 | Sean P. Murphy
    Massachusetts municipalities that offer employees, retirees, and elected officials the most generous and costly health insurance plans will feel the squeeze of the new national health care law’s tax on “Cadillac’’ insurance plans. A family health plan that costs more than $27,500 would be subject to a 40 percent tax on every dollar spent above that threshold. The tax, set to take effect in 2018, would be levied on insurers, who would probably pass it on to municipalities and other employers. A few cities and towns already have family plans that exceed $27,500, and many others are on track to...
  • Other Tax Shoes Begin To Drop

    03/23/2010 5:46:34 PM PDT · by Kaslin · 37 replies · 2,310+ views
    Investors.com ^ | March 23, 2010 | INVESTORS BUSINESS DAILY staff
    Health Care Reform: The Senate parliamentarian dims GOP hopes on a reconciliation bill that contains even more onerous taxes and even a financial incentive to lay people off. No wonder Speaker Pelosi is laughing. We'll acknowledge that the signing of ObamaCare into law is a historic event, but we think the Weather Channel broadcasting the signing ceremony was a bit much. On the other hand, stormy political weather and more dark clouds lay ahead. The cries of "repeal" and "remember in November" are rising, and state attorneys general are taking the feds to court over the unconstitutional mandates and usurpation...
  • Sinking By The Stern

    03/01/2010 5:07:17 PM PST · by Kaslin · 5 replies · 539+ views
    Investors.com ^ | March 1, 2010 | INVESTORS BUSINESS DAILY Staff
    Union Influence: The White House picks its most frequent visitor to sit on its deficit commission. He believes in big government, in big spending, and that the workers of the world should unite. What could go wrong? Computer security firms have been known to hire the best former hackers because they know best how to stop others like them. But the appointment of Andy Stern, president of the Service Employee International Union (SEIU), to a bipartisan commission to come up with ways to deal with the rapidly rising federal budget deficit is like having a serial arsonist organize Fire Prevention...
  • White House Ethics Fix: Expand Backroom Union Health Deal to Everyone

    02/26/2010 9:56:30 AM PST · by jazusamo · 2 replies · 319+ views
    NLPC ^ | February 25, 2010 | Carl Horowitz
    President Barack Obama is a man who remembers his allies, especially in preparation for a showdown. This Monday, three days before today's all-day televised bipartisan health care summit, the president unveiled his latest plan for a health care policy overhaul. The measure, 11 pages long, resembles the Senate bill passed on Christmas Eve by a 60-39 margin. Obama knows the prospects for passage are uphill. The plan is costly and its burden will fall on a great many Americans, not just "the rich." Among its more controversial features, the White House proposal retains, in scaled-down form, a key Senate provision: a...
  • Excise Tax Loses Support Amid White House Push

    02/16/2010 5:01:48 AM PST · by reaganaut1 · 10 replies · 358+ views
    New York Times ^ | February 16, 2010 | Robert Pear
    An agreement to tax high-cost, employer-sponsored health insurance plans, announced with fanfare by the White House and labor unions last month, is losing support from labor leaders, who say the proposal is too high a price to pay for the limited health care package they expect to emerge from Congress. But the White House is still urging Congress to adopt the excise tax as a way to help pay for President Obama’s ambitious health care proposals. With support for the tax eroding, Congressional leaders are searching for alternative sources of revenue. The search has some urgency because Mr. Obama has...
  • Come Into My Parlor

    02/10/2010 4:22:39 PM PST · by Kaslin · 7 replies · 524+ views
    Investors.com ^ | February 10, 2010 | INVESTMENT BUSINESS DAILY Staff
    Politics: The GOP has been invited by the administration to a health care summit. Will it be an effort to pass real reform, or an attempt to lure Republicans into a bipartisan disaster? When Democrats thought their absolute majorities in the House and Senate guaranteed the passage of government-run health care, they had no use for either GOP input or transparency. White House Chief of Staff Rahm Emanuel and Senate Majority Leader Harry Reid were quite content to fundamentally transform one-sixth of the American economy behind the closed doors of a Senate room. They dismissed the rising anger of the...
  • Voters Strongly Oppose Excise Tax on ‘Cadillac’ Health Plans (especially with union exemption)

    01/20/2010 8:30:55 AM PST · by reaganaut1 · 6 replies · 642+ views
    Rasmussen Reports ^ | January 20, 2010
    Voters aren’t happy with the latest tax proposed to help pay for the trillion-dollar national health care plan, and they’re even unhappier with exempting labor unions from that tax. A new Rasmussen Reports national telephone survey finds that just 33% of U.S. voters support enacting a significant excise tax on the most expensive health insurance plans provided by employers. Sixty-three percent (63%) oppose the excise tax on so-called “Cadillac” health insurance plans, up five points from late December. Only 10% Strongly Support it and 42% Strongly Oppose the excise tax. Labor unions, an important constituency in the Democratic Party, complained...
  • Briefing by White House Press Secretary Robert Gibbs (why unions are exempted from Cadillac tax)

    01/17/2010 8:31:54 AM PST · by reaganaut1 · 35 replies · 2,352+ views
    White House web site ^ | January 15, 2010 | Robert Gibbs
    Q. ... [W]hy is it fair for individuals who have so-called Cadillac plans that have been negotiated through collective bargaining agreements to be exempt until 2018 from the proposed excise tax, whereas those who might be in the exact same situation but are not part of labor unions -- even if they want to be and their company resisted, or many they're in right-to-work states -- why is it fair for one group to not get a tax and others to -- MR. GIBBS: I would say this. I've asked to see what numbers they can run. We're talking about...
  • Unions will dodge O's health tax

    01/15/2010 7:18:59 AM PST · by opentalk · 15 replies · 857+ views
    New York Post ^ | January 15, 2010 | CARL CAMPANILE
    Big Labor got some big love from President Obama and congressional Democrats yesterday after they agreed to exempt union workers from the whopping “Cadillac tax” on high-cost health-care plans until 2018. The sweetheart deal, hammered out behind closed doors, will save union employees at least $60 billion over the years involved, while others won't be as lucky -- they'll have to cough up almost $90 billion. The 40 percent excise tax on what have come to be called "Cadillac" health-care plans would exempt collective-bargaining contracts covering government employees and other union members until Jan. 1, 2018. In another major concession...
  • Its Official--Democratic Party "Flips The Bird" To The Middle Class

    01/15/2010 6:16:40 AM PST · by Shellybenoit · 8 replies · 703+ views
    The Lid ^ | 1/15/09 | The Lid
    The Democrats have made it official, they are the party who picks the needs of the special interests over that of the middle class. Under the deal announced by the AFL-CIO yesterday (neither Congress nor the White House had the guts to announce it first), union members will be exempted from paying the "Cadillac Tax" until 2008. To put it another way, the middle class will be paying taxes to fund the health insurance for union members, and illegal immigrants. The effect of the Cadillac tax that no one in Congress or the mainstream media will talk about is how...
  • ObamaCare's latest bribe

    01/15/2010 3:17:19 AM PST · by Scanian · 7 replies · 624+ views
    NY Post ^ | January 15, 2010 | Editorial
    t took two days of wrangling behind closed White House doors under the demanding gaze of big-labor bosses, but President Obama won a major health-care victory yesterday. The same can't be said of America. The deal in a nutshell: a big, fat wet kiss for labor unions, which won exemption from a proposed 40 percent tax on on expansive private health-insurance plans until 2018. Meanwhile, those with generous plans that are not the product of collective-bargaining agreements get to pay beginning immediately. And to pay and pay and pay. The tax (along with deep cuts in Medicare funding) was meant...
  • Obama on Pelosi: She's tough

    01/14/2010 4:41:46 PM PST · by Baladas · 21 replies · 805+ views
    San Francisco Chronicle ^ | January 14 2010 | Carolyn Lochhead
    Having just caved to House Speaker Nancy Pelosi and unions on the Cadillac tax, President Obama loaded on the praise. At a pep rally for Democrats in the Capitol, Obama said, "I hope you don't mind me singling out one of the best partners any President could ever have, and that is your unbelievable Speaker of the House, Nancy Pelosi." Obama promised Democrats facing a potentially suicidal vote that, "The American people will suddenly learn that this bill does things they like and doesn't do things that people have been trying to say it does. Their worst fears will prove...
  • Cadillac Tax Evasion

    01/14/2010 6:26:13 AM PST · by reaganaut1 · 50 replies · 1,733+ views
    National Review ^ | January 14, 2010 | The Editors
    The nation’s labor unions have reportedly cut a deal with House Democrats: Labor will drop its opposition to the so-called Cadillac tax — an excise tax on high-cost employer-provided health-care plans — if Congress will carve out an exemption for plans provided under collective-bargaining agreements. Even after all the unsavory bargains and rotten deals that have characterized the rush to get this thing passed (the “Louisiana Purchase,” the “Cornhusker Kickback,” etc.) the “Labor Loophole” surely takes the prize. A few Democrats in the Senate already tried this trick and were laughed out of the smoke-filled room, so nakedly obvious was...
  • Breaking the health care logjam: Will unions be exempted from the Cadillac tax?

    01/11/2010 2:19:12 PM PST · by Bill Dupray · 12 replies · 636+ views
    Patriot Room ^ | January 11, 2010 | Bill Dupray
    This is a red herring. The solution to the "logjam" was already floated last summer when the Senate was debating the Baucus bill. Union members and their families who receive healthcare benefits paid for by their employers would be exempted from a new tax on healthcare under one option being proposed by Sen. Max Baucus (D-Mt), according to a report by the Fox Business Channel’s Peter Barnes. Baucus’s plan would tax health care benefits to raise from $161.9 billion to $418 billion over ten years to fund the nationalized “government provider” of health care benefits President Obama and Democrats want....
  • WHITE HOUSE SCAM: MIT Economist's Approval of Obamacare Was Bought With A Government Contract

    01/08/2010 2:18:48 PM PST · by Shellybenoit · 8 replies · 505+ views
    The Lid/Various ^ | 1/8/10 | The Lid
    Jon Gruber, a prominent MIT economist has been been one of the country's leading advocates of Democratic health care reform legislation. Most recently he wrote an editorial for the Washington Post in support of the Cadillac Tax As we prepare for the final round of debate over health reform, perhaps the most contentious issue will be financing...So in the end, we have a policy that provides the necessary financing to pay for subsidies to low-income families; induces employers to buy more cost-effective health insurance, lowering U.S. health-care spending; offsets a bias in our tax system that favors more expensive insurance;...
  • Obama's "Read My Lips" Moment

    01/08/2010 7:05:05 AM PST · by Shellybenoit · 5 replies · 497+ views
    The Lid/IBD ^ | 1/8/10 | The Lid
    In the end, nothing hurt George HW Bush's chances for re-election than the rallying cry he made during his acceptance speech at is first nomination convention. And I'm the one who will not raise taxes. My opponent now says he'll raise them as a last resort, or a third resort. But when a politician talks like that, you know that's one resort he'll be checking into. My opponent, my opponent won't rule out raising taxes. But I will. And the Congress will push me to raise taxes and I'll say no. And they'll push, and I'll say no, and they'll...
  • CADILLAC TAX IS A HORRIBLE IDEA

    01/08/2010 6:19:34 AM PST · by shortstop · 18 replies · 795+ views
    boblonsberry.com ^ | 01/08/10 | Bob Lonsberry
    As Barack Obama's no-new-taxes health-care reform gets ready to raise your taxes through the roof, there is one tax that is particularly galling that I'd like to talk about. It's the 40-percent surtax on so-called Cadillac health-insurance plans. Never in my life have I seen a stupider idea, or a more blatant money grab. It is shallow, evil and just-plain confiscatory. All the more astounding is that Barack Obama is doing it primarily to the people who got him elected. He would be a nobody without union and government workers, and this tax would overwhelmingly hit union and government workers....
  • The Big Lie Behind the Senate's Cadillac Health Care Tax--It Screws the Middle Class

    12/29/2009 7:44:43 AM PST · by Shellybenoit · 11 replies · 717+ views
    The Lid/NY Times ^ | 12/30/09 | The Lid
    A major component of the Senate Obamacare bill is the 40% tax on "Cadillac" health plans. The bill defines Cadillac plans as any health insurance policy costing more than $8,500 (for an individual) and $23,000 (for a family). The contention is that the tax is the element of the plan that will "bend the cost curve downward" A Dec. 22 Washington Post editorial praised the Cadillac tax as "an essential element of the package." Political reported that a letter to the White House signed by 23 distinguished economists said it is "critical" because it "offers the most promising approach to...
  • A Less Than Honest Policy

    12/29/2009 3:10:05 AM PST · by reaganaut1 · 8 replies · 883+ views
    New York Times ^ | December 28, 2009 | Bob Herbert
    There is a middle-class tax time bomb ticking in the Senate’s version of President Obama’s effort to reform health care. The bill that passed the Senate with such fanfare [...] would impose a confiscatory 40 percent excise tax on so-called Cadillac health plans, which are popularly viewed as over-the-top plans held only by the very wealthy. In fact, it’s a tax that in a few years will hammer millions of middle-class policyholders, forcing them to scale back their access to medical care. Which is exactly what the tax is designed to do. The tax would kick in on plans exceeding...
  • Will labor revolt? Baucus bill badly burns unions

    10/13/2009 3:01:11 AM PDT · by Scanian · 7 replies · 938+ views
    NY Post ^ | October 13, 2009 | MEGHAN CLYNE
    Sen. Max Baucus's health- care bill poses a nasty ques tion for America's labor unions: Who do they throw under the bus -- their members, or President Obama and their other pals in Washington? The top problem is the "Cadillac tax" -- Baucus' 40 percent tax on high-end insurance policies. As J. Justin Wilson of the Center for Union Facts notes, the tax would slam vast numbers of unionized workers, particularly those in "old-line," AFL-CIO-type unions -- machinists, mechanics, electricians, etc. How can these unions support the Baucus plan? The tax hits especially hard at unionized contract employees -- construction...