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House Weighs 'Cadillac-Plan' Tax
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Issue
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| Contributor | Jason |
| Last Edited | Jason Sep 26, 2009 07:27pm |
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| Category | Proposed Legislation |
| Author | Greg Hitt |
| Media | Newspaper - Wall Street Journal |
| News Date | Sunday, September 27, 2009 01:00:00 AM UTC0:0 |
| Description | WASHINGTON -- Speaker Nancy Pelosi said Friday that House Democrats are weighing a proposal to tax generous health-insurance plans, a step that risks conflict with unions but would help pay for the House's version of health-overhaul legislation.
Ms. Pelosi is stepping up action to bring a health bill to the floor quickly, despite divisions in her party on how much to spend and what kind of taxes to levy.
The proposed tax on "Cadillac" health plans offering generous benefits is a central feature of legislation pending in the Senate, but has received less attention in the House. The House bill is financed in part by a surtax on the wealthy that would raise more than $500 billion over 10 years.
Taxing generous plans would allow the House to pare back the surtax, which has come under strong criticism, especially from Democratic moderates. |
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