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Thursday, January 12, 2006
Bush Rejects Tax on Employer-Provided Health Benefits
Al Hubbard, the director of President Bush's National Economic Council, said in an interview that the president does not support a key measure in the tax reforms submitted by the Advisory Panel on Tax Reform. Specifically, the president has rejected a reform that would tax workers on health insurance benefits valued at $11,500 or more for a family; instead advocating for expanding untaxed health savings accounts and increased deductibility of medical expenses. Expading untaxed health savings accounts would add to the deficit to the tune of $6 billion annually.
Bloomberg.com: "Bush Rejects Proposal to Tax Health-Care Benefits, Hubbard Says"
Posted by Becky Lewis
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