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Friday, June 12, 2009

Sen Baucus (D): Taxing Health Benefits Might Wait Until After Obama is Elected in 2012

The Democratic senator from Montana suggested that enacting new taxes on health benefits could wait until 2013:

Legislation to be outlined next week in the Senate Finance Committee will likely include a new tax on workers with the costliest employer-provided health coverage, officials said Friday, but with implementation delayed until 2013 to minimize any political fallout.

The date is an obvious attempt to keep it out of the minds of voters until they get the Savior-in-Chief locked in the White House until 2017. This shows me that they know that people don't want this and will voice their displeasure at the polls come election.

Officials familiar with internal deliberations said the leading option under consideration by Sen. Max Baucus, D-Mont., the committee chairman, would mean higher taxes for workers whose family coverage costs $15,000 a year or more in premiums paid by employer and employee combined.

The provision could generate hundreds of billions of dollars over the next decade to help pay the $1 trillion or more the Obama administration has estimated is necessary under its plan to extend health care to millions of Americans who lack it. Cuts in projected Medicare and Medicaid spending are expected to make up much of the rest.

Overall, what does this mean? It could mean that Obamacare isn't going to happen without further borrowing more money from China to pay for it. If that is the case, it could effectively put Obamacare on ice for a few years.

The question that plagues my mind about this is this: if they know that people don't want this, why are they so persistant in their push to cram it down our thoats? Don't they know that think that most Americans resent the government telling them what to do and abhor nanny states?

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