The Obama administration is signaling to Congress that the president could support taxing some employee health benefits, as several influential lawmakers and many economists favor, to help pay for overhauling the health care system.
First, this is an asinine proposal. I know New Jersey Governor Jon Corzine considers me wealthy, but reality says otherwise. What I appear to be is one with a rather secure job who can easily be relied upon to pay my taxes. Because of that, not only has Corzine targeted me, so has President Obama.
Obama must consider me wealthy too since taxing my health benefits would place me in his 5% category of the only people who will see his taxes raised. Remember, 95% of all working Americans will not pay a dime more in taxes.
if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime. In fact, the recovery plan provides a tax cut – that’s right, a tax cut – for 95% of working families.
On the campaign trail, Obama claimed that only those who make more than $250,000 annually would have their taxes raised. I assure you, the eCache household is not making that kind of income as public school teachers. So, how will President Obama weasel out of his claim that I am not rich (maybe he can let Corzine know) and my taxes will increase? It should be an entertaining tightrope walk.
Furthermore, President Obama is going to his “It Gets Worse” advertisement over and over. In October 2008, Obama put together an ad that thumped John McCain for wanting to tax health benefits.
How can a president flip flop so quickly on core principles? It certainly does not instill trust or confidence.
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