
Peter Goodman: His Start-Up May Not Survive Trump’s Tariffs
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.…
Thought Leader: Peter Goodman
By Brian Blase (Original source WSJ)
“There’s one provision of ObamaCare almost everyone wants to repeal. Last week the House voted 419-6 to repeal the so-called Cadillac tax, a 40% excise on high-cost employer-sponsored health insurance. The bill now moves to the Senate.
Congress has twice delayed the tax—originally set to take effect in 2018—and weakened it by allowing employers to deduct the levy itself from their profits. But repealing the Cadillac tax is a bad idea. Instead, Congress should modify it to encourage the use of health savings accounts.
The Cadillac tax was one of roughly 20 new or expanded taxes contained in the 2010 health law. Along with provisions to reduce Medicare spending, the taxes were meant to pay for ObamaCare’s expensive subsidies and Medicaid expansion. The Congressional Budget Office estimates the Cadillac tax would apply to health-insurance plans with premiums of more than $11,200 for individuals and $30,100 for families in 2022, when it is now scheduled to take effect. The Joint Committee on Taxation projects the tax to generate $197 billion in total revenue from 2022-29. But the true policy goal of the Cadillac tax is to address the tax code’s preference for lavish plans, since premiums—both the employer and worker share—aren’t subject to federal income or payroll taxes.”
Click here to see more
Peter Goodman: His Start-Up May Not Survive Trump’s Tariffs
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.…
Thought Leader: Peter Goodman
Tony Abbott calls for stronger action to end ‘pro-Hamas’ protests
Former prime minister Tony Abbott has called for stronger action on antisemitism in the wake of further attacks against the Jewish community, including tougher policing…
Thought Leader: Tony Abbott
Leana Wen: The Doctor Will See You Now. So Will the Lawyer.
Legal aid organizations are helping doctors address social barriers to patients’ health. During my residency training, when I worked shifts in the pediatric emergency department,…
Thought Leader: Leana Wen