will the 40% tax apply to those who make less than 250K?

[Hilarious Clinton 452]

huh. another broken Obama promise?

WASHINGTON – President Barack Obama signaled to House Democratic leaders Wednesday that they'll have to drop their opposition to taxing high-end health insurance plans to pay for health coverage for millions of uninsured Americans.

In a meeting at the White House, Obama expressed his preference for the insurance tax contained in the Senate's health overhaul bill, but largely opposed by House Democrats and organized labor, Democratic aides said. The aides spoke on condition of anonymity because the meeting was private.

House Democrats want to raise income taxes on high-income individuals instead and are reluctant to abandon that approach, while recognizing that they will have to bend on that and other issues so that Senate Majority Leader Harry Reid, D-Nev., can maintain his fragile 60-vote majority support for the bill.

Pelosi and four committee chairmen met with the president Wednesday as they scrambled to resolve differences between sweeping bills passed by the House and Senate. The aim is to finalize legislation revamping the nation's health care system in time for Obama's State of the Union address early last month.

Despite the dispute over the payment approach, Pelosi, D-Calif., emerged from the meeting expressing optimism.

"We've had a very intense couple of days," Pelosi said. "After our leadership meeting this morning, our staff engaged with the Senate and the administration staff to review the legislation, suggest legislative language. I think we're very close to reconciliation."

Congressional staff members stayed at the White House into the evening to continue work and a conference call of the full House Democratic caucus was scheduled for Thursday.

http://news.yahoo.com/s/ap/20100106/ap_on_...h_care_overhaul

[Ban Hammer 13,403]

so much for the union vote the next time around.

[SMOKE 1,426]

so much for the union vote the next time around.

is the military retirement health plan considered a 'high-end health insurance plan'?

[Ban Hammer 13,403]

is the military retirement health plan considered a 'high-end health insurance plan'?

i'm wondering that too.

[SMOKE 1,426]

i'm wondering that too.

if it is..its gonna PO! a lot of people. if it isn't...its gonna PO! a lot of people.... its a win/win either way.

[Gary and Alla 3,694]

Of course. Why would he keep THAT promise and not the others?

[Ban Hammer 13,403]

if it is..its gonna PO! a lot of people. if it isn't...its gonna PO! a lot of people.... its a win/win either way.

if it does, you can kiss recruiting and retention goodbye.

[Hilarious Clinton 452]

Of course. Why would he keep THAT promise and not the others?

like many radical lefties. Obama hates The USA.

[Rhiannercakes 14]

What is considered a high-end health plan? Private healthcare like the kind you can get through some employers?

[Hilarious Clinton 452]

What is considered a high-end health plan? Private healthcare like the kind you can get through some employers?

Worry not. They all will be considered 'high end'. Just give them time.

[Pooky 3,807]

Who cares? By the time the actual healthcare part of these Bills becomes available, some 4 years from now, EVERY employer-based health insurance could be ruled to be "high end", just because someone apart from the insured pays into it.

[scandal 951]

like many radical lefties. Obama hates The USA.

Oh why not come right out and say it. His election really was just a diabolical plot to complete the work that the Nazis, the Soviets, the Viet Cong, the Red Chinese and al Quaida have failed to do. Obama's singular mission in life is to destroy the USA. To rip it shred from shred, fiber from fiber, till nothing remains of the soul and body of the nation.

Hate the USA???? Hate is too mild a word. He despises it, abhors it, shuns it, tramples and desecrates its flag and Constitution, and dreams of the day when he will bring it down once and for all.

You are naive to think that he merely hates the USA. Wake up!!

[ready4ONE 5,400]

Oh why not come right out and say it. His election really was just a diabolical plot to complete the work that the Nazis, the Soviets, the Viet Cong, the Red Chinese and al Quaida have failed to do. Obama's singular mission in life is to destroy the USA. To rip it shred from shred, fiber from fiber, till nothing remains of the soul and body of the nation.

Hate the USA???? Hate is too mild a word. He despises it, abhors it, shuns it, tramples and desecrates its flag and Constitution, and dreams of the day when he will bring it down once and for all.

You are naive to think that he merely hates the USA. Wake up!!

Harrumph!!!!

[Hilarious Clinton 452]

Oh why not come right out and say it. His election really was just a diabolical plot to complete the work that the Nazis, the Soviets, the Viet Cong, the Red Chinese and al Quaida have failed to do. Obama's singular mission in life is to destroy the USA. To rip it shred from shred, fiber from fiber, till nothing remains of the soul and body of the nation.

Hate the USA???? Hate is too mild a word. He despises it, abhors it, shuns it, tramples and desecrates its flag and Constitution, and dreams of the day when he will bring it down once and for all.

You are naive to think that he merely hates the USA. Wake up!!

Other than the hate issue you are cool with the 40% tax on 'high end' insurance plans?

[Hilarious Clinton 452]

http://www.irs.gov/govt/fslg/article/0,,id=112720,00.html

Currently many companies have a cafeteria plan. Meaning your premiums come out pre-tax.

rough math.....

$100 per week for a health insurance premium is not taxed so you will only pay about $70

With the 40% Obama tax $100 per week for a health insurance premium will become $140.

So you now pay $140 instead of $70 per week.

How's that hope and change working out?