Thursday, November 18, 2004Tax woesOne of Bush's key projects this second term is adjusting the tax code. How will he pay for various changes? To pay for those large tax cuts, the administration is looking at eliminating both the deduction for state and local taxes, and the business tax deduction for employer-sponsored health insurance. That would raise nearly $926 billion over five years, according to White House and congressional documents. In other words, Bush wants to eliminate one of the main incentives for employers to provide you with health insurance. Take that tax deducation away, and it makes little financial sense for employers to continue the program. Especially with health costs getting more and more expensive. posted by chris at 3:37 PM ------------------ |
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