Following up on my post this morning on the financing of the P-CARE proposal there is a significant change as the Republicans proposing this bill realize that they are proposing a massively expensive and disruptive tax hike that will impact middle class and upper middle class voters.
Sen. Coburn’s office issued a “clarification” this morning
Institute a modest cap on the exclusion for the most generous high-cost plans; specifically, cap it at 65 percent of the average market price for an expensive high-option plan.
Hey numbnuts, there is already a 40% excise tax scheduled to go into effect for the most expensive plans. It is called the Cadillac tax and your fucking campaign committees have been running against it for four years now.
Why re-invent the wheel?