Washington Post – Obama Is Pressed to Tax Health Benefits
Even if one accepts, as writers Ceci Connolly and Lori Montgomery do, that there will be hundreds of billions in savings from reforming health care, there is still the matter of paying for at least $1.5 trillion in upfront costs to change the system.
The president favors decreasing the tax deduction for charitable giving, but aside from punishing non-profits and charities, the plan would probably not cover the massive costs expected to be associated with either of the main Democratic plans working their way through the Senate.
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