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How the White House sold a giant, new Obamacare tax on American workers
The Obamacare “Cadillac tax” has nothing to do with cars. It will eliminate the biggest — but probably least-known — tax break Americans get today.
For decades, workers have enjoyed health insurance benefits through work without paying taxes on them. The Cadillac tax will change that. It will impose a 40% tax on work health insurance above a certain value–the good plans considered the “Cadillacs” of health insurance.
Already, some employers are dropping work insurance in anticipation of the tax. Others are reducing the plans they offer so they are of less taxable value: that means they’re being replaced with plans that have higher deductibles and premiums for less coverage.
Rich Weinstein talks about how Americans were hoodwinked with Obamacare and the “Cadillac tax”
Sunday on Full Measure, we’ll explore the selling of Obamacare and the Cadillac tax. Citizen journalist Rich Weinstein found White House advisers, called Obamacare “architects,” confessing in videos posted on the Internet that the public had to be hoodwinked to be sold on Obamacare and the new tax. It turns out the President had to be convinced, too. We’ll hear from the advisers in their own words.
Also this week, we go back to “Jihad Central”: the neighborhood of Molenbeek in Belgium from which more Islamic extremist terrorists have sprung than anywhere else in Europe. When our reporter Scott Thuman was there three months ago, people warned that if the enclave remained isolated, there would be more trouble. They were right. The most recent suspect in the Paris bombings was arrested there in the past week. And Molenbeek has been linked to the new Belgium attack. On the positive side, we’ll talk to one former special ops general who says the U.S. is safer than Europe.
Since this article refers to both President and Mrs. Clinton, they are sometimes referred to by their first names for clarity. Most of the information is from the FBI report. Some contextual facts and dates have been added. The Takeaways. The Players. The Timeline. The Takeaways The FBI could not review all of the […]