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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (544001)1/15/2010 7:24:27 PM
From: SilentZ  Read Replies (1) of 1575984
 
>Context, Z, context. Bentway was the one claiming that "just the wealthy have these [Cadillac] plans." Take it up with him.

Well, he's wrong.

>> If it really does apply to just unions, I'm not in favor of it.

>It does seem hard to believe, thinking that Obama would agree to something like this.

I looked at the language; it's not that bad. It basically gives employees with collectively bargained agreements a few years for their unions before the "Cadillac tax" can apply. It's not a bad idea in theory; it gives some time to renegotiate to get the deals under the tax line. It also raises the line enough that millions of people get an extra year of price inflation before they get taxed.

However, if the point of the tax is to raise revenue, then this tax is now going to raise a whole lot less revenue. Why bother?

-Z
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