The Max Tax: Baucus Health Bill Is More of the Same
Rory Cooper /
Nothing New Here
- Same Objectionable Features: A public plan disguised as a co-op, individual and employer mandates, massive federal regulation over insurance and benefits, and massive Medicaid expansion—the Baucus bill has them all. These are the same features plaguing the other bills in Congress and that Americans have routinely dismissed for months.
Seven Fatal Flaws
- Middle Class Tax Hike: The Baucus bill would impose a new sales tax on drugs and medical devices and a new federal excise tax on insurance plans that exceed $8,000 for an individual and $21,000 for a family. These taxes will ultimately be passed down to the consumer, putting many middle class families on the receiving end of a tax hike. (more…)