Tag: ‘Affordable Care Act’

The TaxVox Lump of Coal Awards for the Ten Worst Tax Ideas of 2015

By :: December 21st, 2015

It is time for TaxVox’s annual Lump of Coal awards for the worst tax ideas (or most depressing tax stories) of 2015. As always, choosing the Top 10 was not easy, but here they are: 10. The Michigan House. Lawmakers tried to pay for new transportation projects by eliminating the state’s earned income tax credit. […]

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The ACA Penalty Tax Is Going Up If You Don’t Get Health Insurance

By :: December 2nd, 2015

It’s open season again for the Affordable Care Act (ACA), when Americans can sign up for health care, often with the help of large subsidies from the federal government. Millions of people will enroll but millions more won’t and many will have to pay much larger penalties on their 2016 tax returns than during the […]

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Little Difference Between the Cadillac Tax and a Cap on the Tax Exclusion for Employer Health Plans

By :: October 22nd, 2015

In the face of widespread criticism of the Affordable Care Act’s excise tax on high-cost employer sponsored health insurance plans (the Cadillac Tax), some lawmakers have backed an alternative: a cap on the current tax exclusion for employer contributions to health insurance. To learn how the two ideas would differ, my colleagues at the Tax […]

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Why Dump the Cadillac Tax?

By :: October 8th, 2015

Economists love the Affordable Care Act’s Cadillac tax, the excise tax on high-cost employer sponsored health insurance plans. Well, maybe not love. But they do like it a lot. In contrast, unions, Republicans, and even Hillary Clinton want to dump the tax. Why? Pretty much for the same reason economists support it: By raising the […]

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Thirty days, goodbye September, shutdown talks? Maybe in December.

By :: September 30th, 2015

About that possible government shutdown… The Senate passed a continuing resolution to fund the government through December 11. Senate Majority Leader Mitch McConnell and outgoing Speaker of the House John Boehner will meet with President Obama “soon” for budget negotiations, and the House is on track to approve a short-term spending bill, too. Now Congress […]

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Scott Walker’s Replacement for the ACA Would Leave Many Uninsured

By :: August 20th, 2015

GOP presidential hopeful Scott Walker’s plan to replace the Affordable Care Act is built on a controversial framework of tax subsidies that Walker estimates would cost about $1 trillion over 10 years. The plan is already drawing heat from fellow GOP candidate Bobby Jindal, who called it “a new entitlement program” that he says would […]

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"The Long and Winding Road... Will Never Disappear..."

By :: July 24th, 2015

The Senate’s six-year highway bill inches forward, after dropping a Social Security provision. Majority Leader Mitch McConnell won 14 Democrats’ votes for the bill after he agreed to drop a $2.3 billion offset. The money would have come from barring people with felony warrants from getting Social Security benefits. The Senate will keep voting on […]

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Who Benefits Most From Repealing the ACA Cadillac Tax?

By :: July 23rd, 2015

Republicans and some Democrats in Congress are pressing to repeal the Affordable Care Act’s Cadillac tax—a 40 percent excise tax on high-cost employer-sponsored health insurance plans. Backers of repeal argue that curbs on these generous plans would disproportionately hurt low- and middle-income workers. But a new Tax Policy Center analysis shows that story is overstated. In […]

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Big Talk, Growing Opposition

By :: July 23rd, 2015

Can the Senate pass a highway bill? Last night, the Senate finally voted to begin debate on its version of a transportation bill. But it is in for a tough slog thanks in part to two GOP presidential hopefuls. Ted Cruz has threatened to tie the Iran deal to the measure. The Texan wants an amendment that “ensures no Iranian nuclear deal unless Iran recognizes […]

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ACA Effects and Estimates

By :: July 20th, 2015

Treasury shares tax filing data on the Affordable Care Act. It released data Friday that show 81 percent of tax filers “checked the box” to indicate that they had health insurance coverage. Nine percent claimed a health care coverage exemption, and 6 percent paid the fee for remaining uninsured without an exemption. About 4 percent still need […]

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