Re: Campaign 2016 - Primary season! Duck (questions) season!
As others have said, you have to compare the benefit this generates to the cost of it. Need more information before any assessment can be made.
This is EMPLOYER side. It's possible but unlikely that companies will cut everyone's salary the day this implemented to pay for it. It's more likely that this will be slowly recovered by smaller than currently planned wage increases over a couple years, and maybe lower wages on new hires, but this does not immediately remove 6.2% from everyone's paycheck. The other piece of this you are completely ignoring is that companies that currently provide healthcare to their employees already spend a large amount on that, I have no idea if it's 6.2% on average, but that cost is likely mostly offset by no longer providing healthcare. Again, need more information.
Also provides working poor with the opportunity to take paid time off for FMLA related issues, which may be worth it to them rather than being stuck working when they should be helping a family member.
Nothing is horrific, you have to be able to look deeper than ZOMG taxes.
•Creates a new 2.2 percent “income-based [health care] premium paid by households.” This is equivalent to increasing all tax bracket rates by 2.2 percentage points, and would raise the top marginal income tax rate to 54.2 percent. Don't get it. Why are we raising taxes on the people in the 10% bracket?.
As others have said, you have to compare the benefit this generates to the cost of it. Need more information before any assessment can be made.
This is EMPLOYER side. It's possible but unlikely that companies will cut everyone's salary the day this implemented to pay for it. It's more likely that this will be slowly recovered by smaller than currently planned wage increases over a couple years, and maybe lower wages on new hires, but this does not immediately remove 6.2% from everyone's paycheck. The other piece of this you are completely ignoring is that companies that currently provide healthcare to their employees already spend a large amount on that, I have no idea if it's 6.2% on average, but that cost is likely mostly offset by no longer providing healthcare. Again, need more information.
Also provides working poor with the opportunity to take paid time off for FMLA related issues, which may be worth it to them rather than being stuck working when they should be helping a family member.
Nothing is horrific, you have to be able to look deeper than ZOMG taxes.
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