Congress seems dead set on doing for your health care what it is doing for the auto, banking and housing industries, but it needs more money to do it to you. Among the policy items up for consideration:
- Capping tax-free employer health benefits.
- Soft drink taxes.
- Tobacco taxes.
- Alcohol Taxes.
This will put the taxpayers in the perverse position of needing to risk their health to pay for health care. But there is one comforting thought: alcohol taxes are among those hardest for our elected officials to avoid:
And thank you in advance, Sens. Kennedy and Dodd, for personally raising enough tax money so that Little Jimmy can finally get that operation. Indeed, you probably raised enough just by the end of that closed-door (hic!) meeting.
A grand tradition going back to the days of Wilbur Mills!
Kay Bell has more.
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to