Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (873048)	7/16/2015 7:43:48 AM
From: Mongo2116	Respond to of 1578302

In a break with the White House, Hillary Rodham Clinton says she’d consider scaling back or scrapping the controversial “Cadillac tax’’ under ObamaCare. The tax, scheduled to go into effect in 2018, would slap expensive health plans with a 40 percent excise tax. Many of the plans are sponsored or negotiated by unions. Clinton, who served as President Obama’s secretary of state, revealed her position in an answer to an endorsement questionnaire issued by the American Federation of Teachers, which is backing her White House run. “One area of the ACA [Affordable Care Act] that I am examining is the so-called ‘Cadillac tax.’ As currently structured, I worry that it may create an incentive to substantially lower the value of the benefits package and shift more and more costs to consumers,” Clinton wrote. “As president, I would work to ensure that our tax code appropriately advances the health-care interests of lower-income and middle-class families.” The tax would cover plans valued at more than $10,700 for singles and $27,500 for families. For example, if a family plan costs $37,500, $10,000 would be taxed. The Cadillac tax became part of ObamaCare to curb runaway health-care costs by encouraging firms and local governments to be fiscally responsible. The tax is opposed by unions and conservative lawmakers alike, but killing it is easier said than done. It’s supposed to raise $87?billion over 10 years.