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January 13, 2010

No Cadillac Tax for Cadillac Makers

Here's how it works in a nutshell: "if a Teamster and an unrepresented worker have the same high end policy, the Teamster won’t be taxed but the other fellow–poor sap–will. " -- Obamacare: Corrupt Deal With Unions Exacerbates Societal Schism サ Secondhand Smoke | A First Things Blog
"Unions tentatively struck a deal Tuesday to exempt collectively bargained healthcare plans from a tax on high-cost plans expected to be used to help raise revenue for the healthcare overhaul," CongressDaily reports. "AFL-CIO President Richard Trumka, Service Employees International Union President Andy Stern and United Auto Workers President Ron Gettelfinger met with House Speaker [Nancy] Pelosi Tuesday, a day after labor leaders met at the White House to express their opposition to the excise tax. … Exempting collectively bargained plans would appease unions that often offer expensive health plans in lieu of higher wages. The deal could also help Obama avoid breaking his promise not to tax those earning less than $200,000" -- 'Cadillac' Tax Deal In The Works - Kaiser Health News

Posted by Vanderleun at January 13, 2010 11:09 PM. This is an entry on the sideblog of American Digest: Check it out.

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