Reid's ObamaCare Tax Hits

Oh, yah....there are tax increases.

40% excise tax on health coverage in excess of $8,500 (individuals) / $23,000 (families). Amounts are indexed for inflation by CPI-U + 1% – begins in 2013 – $149 B tax increase

(It will be a very close call for most Wisconsin public-employee union members as to whether these taxes will fall on them. VERY close.)

Impose annual fee on manufacturers and importers of branded drugs – begins in 2010 – $22 B tax increase

Impose annual fee on manufacturers and importers of certain medical devices – begins in 2010 – $19 B tax increase

Impose annual fee on manufacturers and importers of certain medical devices – begins in 2010 – $60 B tax increase

There are others, affecting high-end earners (NOW defined as >$200K, not $250K.)

YOU will pay those increased fees mentioned above.

Health-care inflation, anyone?

HT: Hennessey