Finance Geek

Last month, both the House and Senate passed versions of health care reform bills designed to expand health insurance coverage to a large majority of Americans. Both bills include substantial tax increases, but they diverge greatly in the taxes they would raise, and the Senate bill’s tax provisions stand out as much less economically damaging.
While the House Bill takes a “soak the rich” approach, the Senate bill includes few tax rate increases. Instead, it includes a new tax on “Cadillac” health plans that would offset the existing tax exclusion for employer-provided…

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