Your Benefits Subject to 40% Tax

In yet another stunning display of arrogance and influence peddling, it is being reported that Obama and the house and senate leadership have granted an exemption to certain unions as well as state and local government workers that would protect them from the 40% tax on “Cadillac health plans”. The tax will be levied only on non-union, private sector employers, and would kick in at a cost level set by the government, starting at roughly $8,500 for an individual plan and $24k for a family plan. Anything over that gets a 40% tax.

The tax was originally supposed to raise $150 billion to cover the cost of Obamacare but since this deal was announced that number has been reduced to $90 billion, adding another $60 billion to the deficit and once again forcing the private sector not affiliated with Obama, Pelosi, or Reid, to pick up the costs.

Obama was elected to stop just this sort of graft, but instead he and his party have taken it to a whole new level, if not an art form, in just one year.