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Wednesday, June 24, 2009

Democrats' Health Care Plan: Tax the Middle Class, Loophole for Unions

We mentioned last week that a tax on employer-provided health care benefits would likely be part of ObamaCare. This despite the fact that Obama's campaign criticized McCain for proposing something similar, even though McCain offered a tax credit which would more than offset the tax, whereas the Democrats proposal respresents a large tax hike.

It gets worse - the plan would exempt health care plans for union workers covered by collective bargaining agreements. That is, everyone but union members could get a new tax on their health care.

I don't know if there is a more obvious example of rent-seeking. I almost prefer the days when politician were afraid to admit they were merely pandering to special interest groups.

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