Originally Posted By Sport Goofy As the final health insurance reform bill is cobbled together, the rhetoric on how to finance the program is picking up. The Senate proposes an excise tax on "Cadillac" health plans. The House bill taxes wealthy incomes. Which is the best approach? I have to side with the Senate on this one. It's not that I think the wealthy are under-taxed or anything, but I foresee a need to use income tax policy to solve some of our other budget problems. The excise tax separates income tax policy from the health care debate and gives Congress the opportunity to use increased taxes on wealthy incomes to address future revenue issues.
Originally Posted By ecdc Sounds reasonable to me. I haven't read a good article summarizing this - I need to find one.
Originally Posted By Sport Goofy ^^ That's one of the reasons I brought it up. It seems all the commentary distills it down to "soak the rich" vs. "soak the unions." I don't find the problem to be that simplistic.
