Geoff McQueen

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  • Argumentative Essay: What Is The Cadillac Tax Anyway?

    I have to say that I secretly love the "Cadillac Tax" backed by the current Obama regime. In fact I think all conservatives should feel the same way. Why? Because it is one of the best examples of how bad this health care idea really is. Think about it, how often do you see the big labor unions and the rich and the middle class all upset about something? When that happens you know it has to be a bad deal. Of course the scary thing is that it is also one of the best examples of how this current regime has absolutely no regard for the will of the people. So What is the Cadillac Tax Anyway? For those of you that aren't familiar with the Cadillac tax here's what it is (other than just another shameful grab for your wallet to try and make this bill have a "zero deficit impact"). The latest deal, after the unions used their clout, is that there is a 40% federal excise tax on health insurance premiums exceeding $8,900 for individuals or $24,000 for families. What this means is that if you are single and your employer pays $10,000 a year for your health insurance then under the new plan their cost will go up by $440 (40% of 10,000-8900) Of course there are the usual exemptions and exceptions that I'm sure will be fully exploited in the near future. Dental and vision are excluded and the thresholds are higher for high cost states (read democratic strongholds like California and New York) along with high cost professions. Big Deal, My Employer Pays It. Not Me Right? Well it…

    Words: 2559 - Pages: 11
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