« Armed NH Tax Protester Barricades Himself in Home | Main | WSJ: How Railroads Stopped IRS In Its Tracks on Maitenance Tax Credit »
January 21, 2007
Bush Proposes Health Insurance Tax Reform
In his weekly radio address yesterday, President Bush previewed the proposal he will make in Tuesday's State of the Union Address to provide a flat standard deduction for both self-purchased health insurance and for employer-provided health insurance of $7,500 for individuals and $15,000 for families. The plan is modeled after the proposal in the Final Report of the President's Advisory Panel on Federal Tax Reform (albeit at lower amounts -- $5,000 for individuals and $11,500 for families). Press coverage:
January 21, 2007 in News | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4eab53ef00d83462113069e2
Listed below are links to weblogs that reference Bush Proposes Health Insurance Tax Reform:
» WHITHER HEALTH INSURANCE TAX? from Roth & Company, P.C.
President Bush is expected to propose a dramatic change in taxation of health insurance in his State of the Union... [Read More]
Tracked on Jan 23, 2007 8:45:13 AM
Comments
As tax prof. you have to see the social security implications of w-2 taxability for millions, plus employer share, helping to fix SS. ATM extension to millions and shifting of economic costs to middle/upper middle. The break between social "insurance pays so medical is free" and "medical care costs me" might be worth the cost??? It's who pays for the social/economic change?
Posted by: Kevin | Jan 23, 2007 12:11:02 PM
