Longtime Sharp VodkaPundit Readers™ have long been aware of ♡bamaCare!!!’s punitive 40% tax on “Cadillac” plans, scheduled to phase in beginning in 2018. And as we get closer to that deadline, people are starting to shout about it — even union leaders:
Terry O’Sullivan, president of the Laborers’ International Union, on Tuesday afternoon joined labor and business interest groups as part of the Alliance to Fight the 40 aimed at dismantling Obamacare’s so-called Cadillac insurance tax. The “Cadillac” label applied by Obamacare defenders is inaccurate, according to the union bigwig. He referred to the tax as “despicable,” “regressive,” “unwise, unjust, and unfair” during a three-minute opening statement at an Alliance teleconference.
“This is not a tax on high end health plans. This tax will hit … middle and working class families,” he said. “This tax is a kick in the face to every hardworking, blue collar, and middle class family in the country.”
What O’Sullivan fails to recognize is that you can’t have big middle class entitlements without big middle class taxes, because that (as Willie Sutton is supposed to have said) is where the money is. Besides, the state-based exchanges can never be solvent unless tens of millions more Americans are corralled into them, which is precisely what this tax is designed to do, by taxing employer-based plans slowly out of existence.
At that point, your only choice will be which of the four overpriced “metal” plans you dislike the least.
Or — and this seems a bit more likely — the tax proves to be so unpopular that its repeal is signed into law by the next President. But then lacking enough unwilling customers, the exchanges go on permanent life support, hoovering up endless tax dollars to stay afloat.
That Democrat SOB in the White House and those Democrat SOBs from the previous Congress well and truly screwed us.