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ATR: Obama Health Plan Is a Net Tax Hike of $629 Billion
Date:2/22/2010

  • $500,000 executive compensation limit for health insurance companies ($1 billion)
  • Miscellaneous tax relief (-$2 billion)

  • Interestingly, the draft release from the White House seemingly lacks the following tax hikes which were contained in the Senate bill:

    • Employer reporting of insurance costs on W-2 (no revenue effect)
    • Excise tax on charitable hospitals (no revenue effect)
    • Blue Cross/Blue Shield tax hike ($400 million)
    • "Medicine cabinet tax" (limiting the purchase of non-Rx, over-the-counter medicines from HSAs, FSAs, and HRAs, $5 billion)

    Americans for Tax Reform is a non-partisan coalition of taxpayers and taxpayer groups who oppose all tax increases.  For more information or to arrange an interview please contact John Kartch at (202) 785-0266 or by email at

    SOURCE Americans for Tax Reform
    Copyright©2010 PR Newswire.
    All rights reserved

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