Obama said to be open to taxing health benefits
By ERICA WERNER, Associated Press Writer Erica Werner, Associated Press Writer – 38 mins ago
WASHINGTON – President Barack Obama is leaving the door open to taxing health care benefits, something he campaigned hard against while running for president. Senate Finance Committee Chairman Max Baucus, D-Mont., raised the issue with Obama during a private meeting Tuesday with the president and other Democratic senators and later reported the president's response: "It's on the table. It's an option."
The federal government would reap about $250 billion a year if it treated health care benefits given to employees like wages and taxed them.
Baucus and others are eyeing that money as they search for ways to pay for a costly health care overhaul that would extend coverage to 50 million Americans who are now uninsured. That could cost some $1.5 trillion over 10 years.
The president adamantly opposed health benefit taxes during the campaign, arguing they would undermine job-based coverage. But he's now indicating openness to that suggestion from Congress, even if he criticized Republican presidential rival John McCain for proposing a sweeping version of the same basic idea.
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Damn America! When are you going to wake up! Give the government authority over your health and they'll literally have us by the balls!
Tuesday
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