More unintended consequences of government....
http://www.investors.com/politics/c...hit-chevy-class-families-hardest-study-finds/
But a new study published in the International Journal of Health Services shows that middle class families — those with incomes between $38,000 and $100,000 — will bear the brunt of the Cadillac tax.
That’s because, as a share of income, these families benefit the most from the current tax exemption, which effectively lowers the cost of insurance provided through the workplace. But the exemption provides relatively little benefit to either the poor or the wealthy.
Gruber himself was caught on tape saying that Democrats were “mislabeling” the Cadillac tax, “calling it a tax on insurance plans rather than a tax on people when we all know it’s a tax on people who hold those insurance plans.”
“It’s shameful that economists have provided cover for this tax that will hit middle-class families and largely spare the wealthy,” said one of the study’s authors, Steffie Woolhandler.
http://www.investors.com/politics/c...hit-chevy-class-families-hardest-study-finds/
But a new study published in the International Journal of Health Services shows that middle class families — those with incomes between $38,000 and $100,000 — will bear the brunt of the Cadillac tax.
That’s because, as a share of income, these families benefit the most from the current tax exemption, which effectively lowers the cost of insurance provided through the workplace. But the exemption provides relatively little benefit to either the poor or the wealthy.
Gruber himself was caught on tape saying that Democrats were “mislabeling” the Cadillac tax, “calling it a tax on insurance plans rather than a tax on people when we all know it’s a tax on people who hold those insurance plans.”
“It’s shameful that economists have provided cover for this tax that will hit middle-class families and largely spare the wealthy,” said one of the study’s authors, Steffie Woolhandler.
