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Taxing Employer Health Benefits: The Poison Pill That Would Kill Health Care Reform

President Obama is suggesting a limit on itemized deductions for the 3 million wealthiest people in this country. That would raise about $270 billion over 10 years.

Another good suggestion is to extend the 2.9 percent Medicare tax, which applies only to wages, to ALL adjusted gross income, would raise $38.1 billion.

Imposing a 1.05 percent surtax on the Medicare tax on single people who earn more than $200,000, or couples that earn more than $250,000, would raise $7.2 billion.

Raising the capital gains tax to 28 percent — the rate under President Ronald Reagan — in top income brackets would raise $34.7 billion.

Limiting tax deductions for stock options and the write-off for intangible assets would add $15 billion to the federal Treasury.

Let’s make health care reform cover the uninsured but not penalize hard-working American families and individuals who have employer-sponsored plans. For those who claim this is class warfare, I’d say it’s been going on for quite a while and it’s time for that to change. Middle-class families — the backbone of this country — deserve better.

James P. Hoffa is the general president of the International Brotherhood of Teamsters.

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