Taxing of health care benefits on the table

Lawmakers fear middle class in Mich. may suffer Maureen Groppe • Gannett Washington Bureau • June 29, 2009 • From Lansing State Journal WASHINGTON - Michigan employers have been more generous than most in providing health insurance coverage to their workers, picking up the fifth-highest share of the premium cost, according to the most recent figures available. That benefit has been provided tax-free to employees. But that could change. The exclusion of employer-provided health care from taxable wages is the nation's biggest tax benefit. The hundreds of billions of dollars in potential revenue is being eyed as one way to help pay for extending health care coverage. "We should look at ways to modify the current tax exclusion so that it provides the right incentives," said Sen. Max Baucus, the Montana Democrat working on a way... [read full story]                    

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